Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Trade and Industry
  1. Home
  2. Newsroom
  3. Consumer Price Developments in January 2012
1. Press releases

Consumer Price Developments in January 2012

23 February 2012

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

CONSUMER PRICE DEVELOPMENTS IN JANUARY 2012

Singapore’s CPI-All Items inflation eased to 4.8% y-o-y in January 2012

CPI-All Items inflation eased from 5.5% in December 2011 due largely to lower contribution from private road transport cost. This reflected the high base last year when COE premiums surged.

And CPI less imputed rentals on owner-occupied accommodation increased by a lower 3.5%

Accommodation cost rose by 10% y-o-y and remained the single largest contributor to CPI-All Items inflation. In particular, the owner-occupied accommodation (OOA) sub-group, with a 15.6% weight in the CPI basket, contributed 1.8% points to CPI-All Items inflation. This reflected the sharp rise in market residential rentals. Accordingly, inflation as measured by CPI less imputed rentals on OOA (CPI-ex OOA) was lower at 3.5%.

Click here for the full press release.

MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 February 2012

Back to top