Consumer Price Developments in February 2014
CPI-All Items inflation came in lower at 0.4% y-o-y in February
CPI-All Items inflation fell to 0.4% in February from 1.4% in January. This decline had been anticipated in the January inflation report and largely reflected the higher base in February last year.
Private road transport cost saw a sharper fall of 7.1% in February, after decreasing by 3.5% in January. This was mainly attributed to base effects arising from the surge in COE premiums in January 20131, as well as the dip in petrol pump prices.
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MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
24 MARCH 2014