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Consumer Price Developments in Aug 2013

23 September 2013

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Consumer Price Developments in Aug 2013

CPI-All Items inflation edged up to 2.0% in August from 1.9% in July, on account of stronger increases in the costs of accommodation, services and food which was partly offset by the smaller gain in private road transport cost. Accommodation cost rose by 4.2% in August compared to 2.6% in July, when there was a disbursement of Service & Conservancy Charges (S&CC) rebates for HDB households.1 Meanwhile, imputed rentals on owner-occupied accommodation (OOA) contributed 0.7% point to overall inflation, down slightly from 0.8% point in July, reflecting softer conditions in the housing rental market.


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MINISTRY OF TRADE AND INDUSTRY

MONETARY AUTHORITY OF SINGAPORE

23 September 2013 

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