AsiaOne
Wednesday, Nov 23, 2011
SINGAPORE - The consumer price index (CPI) increased by 5.4 per cent in October 2011, reflecting mainly higher costs of accommodation, private road transport and food.
According to the Department of Statistics, transport rose 10.5 per cent in October, compared with last year, while housing rose 9.9 per cent. Food was 3.5 per cent more expensive.
But the pace of price increases has slowed, with the CPI rising just 0.4 per cent in October, comapared with September.
Inflation is expected to be at 5 per cent for the whole year, said MAS, but should ease next year to between 2.5 per cent and 3.5 per cent.
Wednesday, Nov 23, 2011
SINGAPORE - The consumer price index (CPI) increased by 5.4 per cent in October 2011, reflecting mainly higher costs of accommodation, private road transport and food.
According to the Department of Statistics, transport rose 10.5 per cent in October, compared with last year, while housing rose 9.9 per cent. Food was 3.5 per cent more expensive.
But the pace of price increases has slowed, with the CPI rising just 0.4 per cent in October, comapared with September.
Inflation is expected to be at 5 per cent for the whole year, said MAS, but should ease next year to between 2.5 per cent and 3.5 per cent.
