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Singapore's inflation up 4.1% on-year in H2
By Sylvia Paik | Posted: 05 February 2013 1924 hrs
SINGAPORE: Singapore's inflation rate has moderated in the second half of 2012.
The Department of Statistics (DOS) said the Consumer Price Index (CPI) for general households during the second half of 2012 rose by 4.1 per cent over the same period in 2011.
That is less than the 5.1 per cent rise in the first half of last year.
The rise was driven in part by rising food costs and higher car prices.
Similarly, CPI excluding imputed rentals on owner-occupied accommodation fell from 4.0 per cent to 3.3 per cent in the second half of 2012.
The lower income group experienced a smaller increase in CPI compared to the middle and higher income groups.
CPI (excluding imputed rentals on owner occupied accommodation) increase for the lowest 20 per cent income group was 2.8 per cent.
This is lower than the middle 60 per cent income group which rose 3.2 per cent, and the highest 20 per cent income earners which grew at 3.6 per cent.
Meanwhile, the CPI (for all items) for the lowest 20 per cent, middle 60 per cent and highest 20 per cent income groups increased by 4.8 per cent, 4.2 per cent and 3.8 per cent respectively in the second half of 2012.
This was driven by rising costs of food, increasing maintenance and minor repairs costs, and higher prices of cars.
Meantime, the CPI (excluding imputed rentals on owner-occupied accommodation) -- rose by 2.8 per cent, 3.2 per cent and 3.6 per cent for the lowest 20 percent, middle 60 percent and highest 20 percent income groups respectively in the second half of 2012.
For the whole of 2012, inflation for general households rose by 4.6 per cent, 0.6 per cent lower compared to 2011.
The CPI (for all items) for the lowest 20 per cent, middle 60 per cent and highest 20 per cent income groups increased by 5.6 per cent, 4.7 per cent and 4.2 per cent respectively for the whole of 2012.
Meantime, the CPI (excluding imputed rentals on owner-occupied accommodation) rose by a smaller 3.6 per cent for the whole of 2012, compared to 4.2 per cent in 2011.
DOS said there was also a year-on-year increase in the costs of minor repairs and maintenance.
This is due to a lower base in 2011 as a result of government rebates on service and conservancy charges for HDB households.
- CNA/fa
By Sylvia Paik | Posted: 05 February 2013 1924 hrs
SINGAPORE: Singapore's inflation rate has moderated in the second half of 2012.
The Department of Statistics (DOS) said the Consumer Price Index (CPI) for general households during the second half of 2012 rose by 4.1 per cent over the same period in 2011.
That is less than the 5.1 per cent rise in the first half of last year.
The rise was driven in part by rising food costs and higher car prices.
Similarly, CPI excluding imputed rentals on owner-occupied accommodation fell from 4.0 per cent to 3.3 per cent in the second half of 2012.
The lower income group experienced a smaller increase in CPI compared to the middle and higher income groups.
CPI (excluding imputed rentals on owner occupied accommodation) increase for the lowest 20 per cent income group was 2.8 per cent.
This is lower than the middle 60 per cent income group which rose 3.2 per cent, and the highest 20 per cent income earners which grew at 3.6 per cent.
Meanwhile, the CPI (for all items) for the lowest 20 per cent, middle 60 per cent and highest 20 per cent income groups increased by 4.8 per cent, 4.2 per cent and 3.8 per cent respectively in the second half of 2012.
This was driven by rising costs of food, increasing maintenance and minor repairs costs, and higher prices of cars.
Meantime, the CPI (excluding imputed rentals on owner-occupied accommodation) -- rose by 2.8 per cent, 3.2 per cent and 3.6 per cent for the lowest 20 percent, middle 60 percent and highest 20 percent income groups respectively in the second half of 2012.
For the whole of 2012, inflation for general households rose by 4.6 per cent, 0.6 per cent lower compared to 2011.
The CPI (for all items) for the lowest 20 per cent, middle 60 per cent and highest 20 per cent income groups increased by 5.6 per cent, 4.7 per cent and 4.2 per cent respectively for the whole of 2012.
Meantime, the CPI (excluding imputed rentals on owner-occupied accommodation) rose by a smaller 3.6 per cent for the whole of 2012, compared to 4.2 per cent in 2011.
DOS said there was also a year-on-year increase in the costs of minor repairs and maintenance.
This is due to a lower base in 2011 as a result of government rebates on service and conservancy charges for HDB households.
- CNA/fa
