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Singapore inflation rises 1.6%
Apr 23, 2010
Shoppers at Mustafa Centre. The consumer price index for the first quarter of 2010 was 0.9 per cent higher compared with the same period of previous year. -- ST PHOTO: CAROLINE CHIA
Singapore's inflation went up by 1.6 per cent in March from a year ago, due mainly to higher costs of transport, food and education.
Prices of cars and petrol, cost of transport surged by 10.1 per cent compared to March 2009, while food prices crept up by 0.9 per cent on account of dearer prepared meals, vegetables, fresh seafood and chilled pork.
With higher fees at commercial institutions, playgroups and childcare centres, the costs of education and stationery went up by 2.2 per cent. On the other hand, housing cost declined by 0.7 per cent owing to lower accommodation costs.
Excluding accommodation costs, the consumer price index climbed up by 2.3 per cent in March 2010 compared with the same period a year ago, according to data released by the Department of Statistics on Friday.
The consumer price index for the first quarter of 2010 was 0.9 per cent higher compared with the same period of previous year. Excluding accommodation costs, the consumer price index increased by 1.7 per cent during the same period.
For the first quarter, the consumer price index was 0.9 per cent higher than the same quarter in 2009. Excluding accommodation costs, the CPI rose 1.7 per cent, according to data released by the Deparment of Statistics on Friday.
Compared to a month ago, inflation edged up marginally by 0.1 per cent over March.
Cost of transport rose by 1.1 per cent in March as a result of higher prices of cars and petrol. With dearer ready-made garments, prices of clothing & footwear increased by 2.8 per cent. On the contrary, housing cost fell by 0.6 per cent owing to lower service and conservancy charges (S&CC) as rebates were given in March and not in February.
On a seasonally adjusted basis, CPI in March was 0.4 per cent higher over February. Excluding accommodation costs, the consumer price index moved up by 0.5 per cent.
The government has revised the inflation forecast to between 2.5 and 3.5 per cent this year, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore?s recent revision of annual values of HDB properties, which factor into the CPI basket as imputed rents under the accommodation cost component.
Apr 23, 2010
Shoppers at Mustafa Centre. The consumer price index for the first quarter of 2010 was 0.9 per cent higher compared with the same period of previous year. -- ST PHOTO: CAROLINE CHIA
Singapore's inflation went up by 1.6 per cent in March from a year ago, due mainly to higher costs of transport, food and education.
Prices of cars and petrol, cost of transport surged by 10.1 per cent compared to March 2009, while food prices crept up by 0.9 per cent on account of dearer prepared meals, vegetables, fresh seafood and chilled pork.
With higher fees at commercial institutions, playgroups and childcare centres, the costs of education and stationery went up by 2.2 per cent. On the other hand, housing cost declined by 0.7 per cent owing to lower accommodation costs.
Excluding accommodation costs, the consumer price index climbed up by 2.3 per cent in March 2010 compared with the same period a year ago, according to data released by the Department of Statistics on Friday.
The consumer price index for the first quarter of 2010 was 0.9 per cent higher compared with the same period of previous year. Excluding accommodation costs, the consumer price index increased by 1.7 per cent during the same period.
For the first quarter, the consumer price index was 0.9 per cent higher than the same quarter in 2009. Excluding accommodation costs, the CPI rose 1.7 per cent, according to data released by the Deparment of Statistics on Friday.
Compared to a month ago, inflation edged up marginally by 0.1 per cent over March.
Cost of transport rose by 1.1 per cent in March as a result of higher prices of cars and petrol. With dearer ready-made garments, prices of clothing & footwear increased by 2.8 per cent. On the contrary, housing cost fell by 0.6 per cent owing to lower service and conservancy charges (S&CC) as rebates were given in March and not in February.
On a seasonally adjusted basis, CPI in March was 0.4 per cent higher over February. Excluding accommodation costs, the consumer price index moved up by 0.5 per cent.
The government has revised the inflation forecast to between 2.5 and 3.5 per cent this year, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore?s recent revision of annual values of HDB properties, which factor into the CPI basket as imputed rents under the accommodation cost component.
