Inflation in S'pore continued rise in December

Inflation in S'pore continued rise in December
By Travis Teo | Posted: 24 January 2011 1436 hrs

SINGAPORE: Data released on Monday by the Department of Statistics (DOS) showed that the consumer price index (CPI) rose by 4.6 per cent on-year.

Higher costs in transport, housing and food led to the price hike.

DOS said that excluding housing, the consumer price index went up by a lower 4.3 per cent.

Meanwhile, compared to the previous month, CPI in December rose by 0.2 per cent due to higher costs of transport, food and recreation.

DOS said the increase more than offset the decline in housing cost.

It added that excluding housing, the consumer price index was 0.5 per cent higher.

And for the full year of 2010, the consumer price index rose by 2.8 per cent compared with 2009.

Excluding housing costs, the consumer price index for 2010 grew by 3.3 per cent.

-CNA/ac

- wong chee tat :)