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Services inflation eased to 2.5 per cent in October from 2.7
per cent in the preceding month, led by slower increases in the costs of
recreation & entertainment, and holiday travel - PHOTO: SPH
Consumer price inflation rose to 2 per cent in October from 1.6
per cent in September, largely due to an increase in food and car
prices.
Economists polled by Bloomberg had been expecting a marginally higher 2.1 per cent rise in the consumer price index (CPI) in October from a year ago.
Because of a pick-up in COE premiums, private road transport costs rose 2.7 per cent last month from a year earlier, rebounding from September's 2 per cent decline.
Food inflation was 2.5 per cent in October compared to 2.4 per cent a month ago, reflecting slightly steeper price increases for both non-cooked food and prepared meals.
Economists polled by Bloomberg had been expecting a marginally higher 2.1 per cent rise in the consumer price index (CPI) in October from a year ago.
Because of a pick-up in COE premiums, private road transport costs rose 2.7 per cent last month from a year earlier, rebounding from September's 2 per cent decline.
Food inflation was 2.5 per cent in October compared to 2.4 per cent a month ago, reflecting slightly steeper price increases for both non-cooked food and prepared meals.
My KopitThiam's Wanton noodle last month up the price from $3 to $3.30.
ReplyDeleteThat is 10% inflation!
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