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Monday, 25 October 2010

Inflation in Singapore hits new high

SINGAPORE: Singapore's consumer price index (CPI) increased by 3.7 per cent on-year in September.

The Department of Statistics said this was a result of higher costs of transport, housing and food.

Excluding accommodation costs, the consumer price index was 3.8 per cent higher.

When compared to August, DOS said the CPI crept up by 0.1 per cent due largely to higher costs of housing, food as well as "recreation & others"

Excluding accommodation costs, the consumer price index fell by 0.1 per cent.


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