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Dec 23, 2009
S'pore inflation creeping up
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Housing cost went up by 0.2 per cent in November on account of higher gas tariffs. -- ST PHOTO: ALPHONSUS CHERN
<!-- story content : start --> SINGAPORE'S consumer price index (CPI) went up by 0.5 per cent on a seasonally adjusted basis in November over October, due largely to higher housing and food costs. Excluding accommodation costs, the CPI rose by 0.6 per cent, said the Department of Statistics on Wednesday. But compared with a year earlier, it slid 0.2 per cent, after falling 0.8 per cent last October. For the January to November period, the CPI was 0.2 per cent higher compared with the same period in 2008. Housing cost went up by 0.2 per cent in November on account of higher gas tariffs. As a result of dearer vegetables, fruits and rice and other cereals, food prices rose by 0.2 per cent. Costs of 'recreation and others' also climbed by 1.9 per cent owing to higher holiday travel cost. Housing prices in November dropped 4.6 percent from a year earlier, transport and communication rose 2.4 per cent and food jumped 0.7 per cent. Inflation has eased from a 26-year high in June 2008 of 7.5 per cent. The government said in October it expects inflation to quicken from zero per cent this year to between 1 per cent and 2 per cent next year.
Home > Breaking News > Singapore > Story
Dec 23, 2009
S'pore inflation creeping up
<!-- end left side bar -->
Housing cost went up by 0.2 per cent in November on account of higher gas tariffs. -- ST PHOTO: ALPHONSUS CHERN
<!-- story content : start --> SINGAPORE'S consumer price index (CPI) went up by 0.5 per cent on a seasonally adjusted basis in November over October, due largely to higher housing and food costs. Excluding accommodation costs, the CPI rose by 0.6 per cent, said the Department of Statistics on Wednesday. But compared with a year earlier, it slid 0.2 per cent, after falling 0.8 per cent last October. For the January to November period, the CPI was 0.2 per cent higher compared with the same period in 2008. Housing cost went up by 0.2 per cent in November on account of higher gas tariffs. As a result of dearer vegetables, fruits and rice and other cereals, food prices rose by 0.2 per cent. Costs of 'recreation and others' also climbed by 1.9 per cent owing to higher holiday travel cost. Housing prices in November dropped 4.6 percent from a year earlier, transport and communication rose 2.4 per cent and food jumped 0.7 per cent. Inflation has eased from a 26-year high in June 2008 of 7.5 per cent. The government said in October it expects inflation to quicken from zero per cent this year to between 1 per cent and 2 per cent next year.
