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Consumer Price Developments in March 2016

25 April 2016

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Consumer Price Developments in March 2016 


CPI-All Items inflation eased to -1.0% in March from -0.8% in February, due primarily to a significant decline in private road transport cost.  Private road transport cost fell at a faster pace of 5.9% in March, compared to the 3.9% decline a month earlier. This was mainly due to a large drop in petrol pump prices on a year-ago basis, reflecting the higher base in March 2015 following the hike in petrol duties. Car prices also saw a sharper decline due to lower Certificate of Entitlement (COE) premiums compared to the same period last year.


Please click here for the press release.


MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
25 April 2016

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