Singapore’s CPI-All Items rose at a more moderate pace of 5.5% (y-o-y) in December The moderation in CPI-All Items inflation, from 5.7% in November, was largely due to a smaller increase in the cost of private road transport. The cost of private road transport rose at a slower pace of 12% year-on-year compared to 14% in the preceding month, as the increase in car COE premiums and petrol pump prices eased slightly. The single largest contributor to CPI-All Items inflation was accommodation cost, which was 11% higher during the month, similar to the increase in November. For the whole of 2011, CPI-All Items inflation averaged 5.2%.