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Consumer Price Developments in November 2014

23 December 2014

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Consumer Price Developments in November 2014

All Items inflation fell to -0.3% in November from 0.1% in October, mainly on account of base effects associated with fluctuations in car Certificate of Entitlement (COE) premiums. Price increases for other major categories, except food, also eased.

Private road transport cost declined by 7.0%, after the 5.6% decrease in October. This largely reflected the high base for car prices in the same period last year following the surge in COE premiums1, while petrol pump prices also fell at a faster pace of 4.3% compared to a decline of 1.6% a month ago.

Accommodation cost was 1.2% lower, extending the 1.0% correction in October, as a result of the soft housing rental market.

Please click here for the full press release:
Consumer Price Developments in Nov 2014.pdf

MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
23 December 2014  

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