25 Jul '11, 12pm

Inflation in Singapore climbs, up 5.2% in June via @cmswire

Inflation is climbing, with June's consumer price index (CPI) coming in at 5.2 per cent over the same period last year, close to January's peak levels of 5.5 per cent. -- ST PHOTO: CAROLINE CHIA INFLATION is climbing, with June's consumer price index (CPI) coming in at 5.2 per cent over the same period last year, close to January's peak levels of 5.5 per cent. This was flagged by the Monetary Authority of Singapore (MAS) last week. Mr Ravi Menon, managing director of the MAS, said that consumer prices will be above 5 per cent over the next few months, before trending down towards the end of the year. According to the Department Of Statistics, the main contributors for the rising inflation are housing and transport costs - which make up 25 per cent and 16 per cent, respectively, of the CPI basket that is used to track price changes. Housing costs rose 8.8 per cent year-on-y...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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