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Consumer Price Developments in July 2013

23 August 2013

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Consumer Price Developments in July 2013

CPI-All Items inflation edged up to 1.9% in July from 1.8% in June, largely due to an increase in private road transport cost after two consecutive months of decline.


Private road transport cost was 2.0% higher in July compared to the 2.1% fall in the preceding month, as car prices picked up following the rise in COE premiums in June and the implementation of a new surcharge on some cars under the Carbon Emissions-based Vehicle Scheme (CEVS).1 Petrol pump prices also rose in line with the recent uptrend in global oil prices.


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MINISTRY OF TRADE AND INDUSTRY

MONETARY AUTHORITY OF SINGAPORE

23 August 2013 

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