CPI-All Items inflation fell to 1.5% in December from 2.6% in the preceding month, mainly reflecting the decline in private road transport cost.

 

Private road transport cost decreased by 2.8% in December, following the 3.4% rise in November, on account of lower COE premiums. The recent weakness in car COE premiums partly reflected a high base as premiums surged in the same period one year earlier.

 

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MINISTRY OF TRADE AND INDUSTRY

MONETARY AUTHORITY OF SINGAPORE

23 January 2014