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Consumer Price Developments in April 2012

23 May 2012

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Consumer Price Developments in April 2012


Singapore’s CPI-All Items inflation came in higher at 5.4% y-o-y in April 2012


CPI-All Items inflation rose to 5.4% in April from 5.2% in March 2012. The increase  rimarily reflected the higher contribution from accommodation cost, which added 2.5% points to CPI-All Items inflation in April, up from 2.0% points in the preceding month. Imputed rentals on owner-occupied accommodation (OOA) accounted for most of this, contributing 1.7% points to the overall inflation figure. There was also an increase in the cost of minor repairs & maintenance, mainly due to the low base in April 2011 when the government had disbursed a large quantum of rebates for service & conservancy charges (S&CC) for HDB households.


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MONETARY AUTHORITY OF SINGAPORE

MINISTRY OF TRADE AND INDUSTRY

23 May 2012

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