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Press Release
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23 FEB 2016
Consumer Price Developments in January 2016
Consumer Price Developments in January 2016
Consumer Price Developments in January 2016
CPI-All Items inflation came in at -0.6% year-on-year (y-o-y) in January
CPI-All Items inflation was -0.6% in January, unchanged from that in December. While services inflation moderated and car prices fell more sharply, these were offset by a smaller drag from oil-related items, as well as higher food and retail goods inflation.
Overall services inflation moderated to 0.5% in January from 0.9% a month earlier, largely due to a slower pace of increase in education services fees and holiday travel costs. Meanwhile, healthcare services costs picked up as the disinflationary effects of enhanced medication subsidies introduced in
January last year dissipated.
Please click here for the press release: Consumer Price Developments in January 2016.pdf