SINGAPORE: Singapore's consumer price index (CPI) rose by 5.4 per cent on-year in July, due largely to higher costs of accommodation, private road transport and food.
According to the Department of Statistics on Tuesday, the higher accommodation cost was largely contributed by higher imputed rentals of owner-occupied accommodation, while the higher transport cost was due to the sharp increase in Certificate of Entitlement (COE) premiums compared to a year ago.
Excluding accommodation costs, the CPI went up by 4.2 per cent compared to the same period last year.
On-month, the CPI was up 1.5 per cent, on higher costs of housing, transport, food and clothing.
Housing cost went up 3.2 per cent due partly to higher accommodation costs and electricity tariffs.
Transport cost saw an increase of 2.7 per cent, due to higher petrol price and car price.
Food prices crept up by 0.2 per cent on dearer prepared meals, fresh fish as well as rice and other cereals.
- CNA /ls
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