Consumer Price Developments in July 2012
Singapore’s CPI-All Items inflation fell to 4.0% y-o-y in July
CPI-All Items inflation eased to 4.0% in July from 5.3% in June 2012. This reflected more moderate increases in the cost of accommodation, private road transport and oil-related items.
On a y-o-y basis, accommodation cost inflation slowed from 10.8% in June to 7.8% in July. This was largely due to the timing of the disbursements of rebates for service & conservancy charges (S&CC) to HDB households.1 The increase in imputed rentals on owner-occupied accommodation (OOA) also slowed from 9.8% in June to 9.0% in July, although it continued to contribute a considerable 1.5% points to overall inflation.
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MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
23 August 2012