1. Press releases
Consumer Price Developments in July 2014
25 August 2014
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Consumer Price Developments in July 2014
CPI-All Items inflation came in lower at 1.2% y-o-y in July
CPI-All Items inflation eased to 1.2% in July from 1.8% in June, mainly due to lower private road transport cost.
Private road transport cost fell by 1.6% in July, following the 2.8% increase a month earlier. This mainly reflects the high base last year when COE premiums surged, while petrol pump prices also rose at a slower pace of 3.1%, compared to 6.4% a month ago.
Accommodation cost was largely unchanged, after edging up by 0.5% in the previous month, given the soft housing rental market.
Food inflation eased to 3.0% from 3.2% a month ago, on account of a more moderate rise in the prices of non-cooked food items and prepared meals.
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Consumer Price Developments in July 2014
MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
25 AUGUST 2014