Consumer Price Developments in July 2013
CPI-All Items inflation edged up to 1.9% in July from 1.8% in June, largely due to an increase in private road transport cost after two consecutive months of decline.
Private road transport cost was 2.0% higher in July compared to the 2.1% fall in the preceding month, as car prices picked up following the rise in COE premiums in June and the implementation of a new surcharge on some cars under the Carbon Emissions-based Vehicle Scheme (CEVS).1 Petrol pump prices also rose in line with the recent uptrend in global oil prices.
Please click here for the full article.
MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
23 August 2013