SINGAPORE: Singapore's consumer price index (CPI) rose 5.5 per cent on-year in December.
That's down from 5.7 per cent in November.
This is according to data from the Department of Statistics (DOS) released on Wednesday.
DOS said the lower CPI reading was largely due to a smaller increase in the cost of private road transport - which moderated at 12 per cent year-on-year compared to 14 per cent in the previous month.
But housing costs - which was 11 per cent higher during the month - kept inflation elevated.
For the whole of 2011, inflation averaged at 5.2 per cent.
This year, inflation is expected to hover between 2.5 and 3.5 per cent, according to the Monetary Authority of Singapore and the Ministry of Trade and Industry.
- CNA/cc
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
-
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit
(DPU) for the first quarter ended March declined 13 per cent year on year
to S$0....
36 minutes ago
No comments:
Post a Comment