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Monday, 25 July 2011

Singapore's June inflation up 5.2% on-year

SINGAPORE: Singapore's Consumer Price Index in June rose 5.2 per cent year-on-year.

This was in line with market expectations, and compares with the 4.5 per cent rise in May.

The upward cost pressures were concentrated in the usual sectors of transport, housing and food.

A rise in accommodation costs and electricity tariffs pushed up housing costs by 8.8 per cent.

The cost of transport increased by 10.4 per cent because of more expensive cars and petrol, while food prices rose 3.1 per cent on-year.

Education and stationery costs moved up 3.3 per cent and healthcare cost increased by 2.3 per cent.

Core inflation - which excludes more volatile items such as accommodation and transport - rose 2.3 per cent year-on-year.

On a month-on-month basis, headline CPI slipped 0.2 per cent, while core inflation remained unchanged.

On a seasonally adjusted basis, the Consumer Price Index rose by 0.4 per cent in June. Excluding accommodation costs, the June CPI was up 0.3 per cent.

- CNA/al

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