CONSUMER PRICE DEVELOPMENTS IN JANUARY 2012
Singapore’s CPI-All Items inflation eased to 4.8% y-o-y in January 2012
CPI-All Items inflation eased from 5.5% in December 2011 due largely to lower contribution from private
road transport cost. This reflected the high base last year when COE premiums surged.
And CPI less imputed rentals on owner-occupied accommodation increased by a lower 3.5%
Accommodation cost rose by 10% y-o-y and remained the single largest contributor to CPI-All Items
inflation. In particular, the owner-occupied accommodation (OOA) sub-group, with a 15.6% weight in the
CPI basket, contributed 1.8% points to CPI-All Items inflation. This reflected the sharp rise in market
residential rentals. Accordingly, inflation as measured by CPI less imputed rentals on OOA (CPI-ex OOA)
was lower at 3.5%.
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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 February 2012