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Consumer Price Developments in June 2016

25 July 2016

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Consumer Price Developments in June 2016

​CPI-All Items fell by 0.7% year-on-year (y-o-y) in June compared to the 1.6% decline in May, as the base effect associated with the disbursement of Service & Conservancy Charges (S&CC) rebates in May dissipated.[1] Meanwhile, MAS Core Inflation edged up to 1.1% in June, from 1.0% in the preceding month, reflecting a pickup in services inflation.

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MONETARY AUTHORITY OF SINGAPORE

MINISTRY OF TRADE AND INDUSTRY

25 July 2016

[1] S&CC rebates, which affect the housing maintenance & repair cost component, were disbursed in April, July and October last year, and will be disbursed in May, July, and October this year. As a result, base effects raised CPI-All Items inflation on a year-ago basis in April 2016 but lowered it in May 2016.

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