SINGAPORE: Inflation in Singapore continues to climb with housing and transport costs topping the increase.
The
consumer price index, a key gauge of inflation, rose to 5.3 per cent
year-on-year in June, according to a statement from the Department of
Statistics.
The data exceeded market expectations of a 5.1 per cent increase.
Prices
remain firm as the effect of housing becomes stronger, gaining 9.7 per
cent in June, with the cost of accommodation increasing by 10.8 per cent
on-year.
Transport cost gained 8.7 per cent last month from
2011, with the increase mainly in private road transport because of
higher car prices.
Measured month-on-month, the index was unchanged after climbing 0.1 per cent in May.
MAS
Core Inflation, which excludes the costs of accommodation and private
road transport, was unchanged at 2.7 per cent for the third straight
month.
- CNA/wm
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