Updated: 23/12/2011
S'pore CPI rose 5.7% in November
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Singapore’s consumer price index, a measure of inflation rose by 5.7 per cent in November, compared to a year ago.
This is in line with analysts’ forecasts.
The Department of Statistics said the increase was due to higher costs of accommodation, private road transport and food.
The rise in accommodation costs was largely attributed to higher imputed rentals of owner-occupied accommodation.
The higher cost of private road transport was mainly driven by the significant increase in Certificate of Entitlement premiums as well as higher petrol prices.
The department said compared to October, CPI rose 0.6 per cent.
This is in line with analysts’ forecasts.
The Department of Statistics said the increase was due to higher costs of accommodation, private road transport and food.
The rise in accommodation costs was largely attributed to higher imputed rentals of owner-occupied accommodation.
The higher cost of private road transport was mainly driven by the significant increase in Certificate of Entitlement premiums as well as higher petrol prices.
The department said compared to October, CPI rose 0.6 per cent.
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