Singapore’s CPI-All Items inflation eased to 5.0% y-o-y in May 2012 from 5.4% in April.  The lower CPI-All Items inflation in May was due to a more moderate rise in the prices of oil-related items and accommodation cost. The overall price increase for domestic oil-related items eased from 8.9% in April to 7.8% in May, reflecting the recent weakness in global oil markets.

 

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MINISTRY OF TRADE AND INDUSTRY

25 June 2012