23 Mar '11, 5am

Singapore's inflation up 5% on-year in February

Singapore's inflation up 5% on-year in February

SINGAPORE: Singapore's February consumer price index (CPI) rose by five per cent, versus market expectations for a rise of 5.4 per cent. This was due to slower rise in costs of transport, housing and food, according to the Department of Statistics (DOS). The number was also lower than January's 5.5 per cent on-year rise. Compared with February 2010, the cost of transport advanced by 15.2 per cent, as a result of higher prices for cars and petrol. Housing costs increased by 5.8 per cent, arising from higher accommodation and electricity tariffs. Food prices rose 2.6 per cent. Excluding accommodation costs, CPI rose 4.5 per cent on year. DOS said on a month-on-month basis, CPI fell marginally by 0.1 per cent, as a result of the lower cost of transport compared to last month, which more than offset higher housing, food, and recreational costs. Transport costs fell 2.3 per cen...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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