Consumer Price Developments in April 2014
CPI-All Items inflation rose to 2.5% y-o-y in April
CPI-All Items inflation came in at 2.5% in April, compared to 1.2% in March. This increase had been anticipated in the February and March inflation reports and largely reflected a rise in car prices due to the low base a year ago. All other major categories, except accommodation, also experienced slightly stronger price increases during the month.
Private road transport cost climbed by 5.7% in April, reversing four consecutive months of decline. This reflected the rise in COE premiums which was exacerbated by the low base in April 2013.1 Petrol pump prices also edged up at a faster pace compared to the previous month.
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MINISTRY OF TRADE AND INDUSTRY
23 MAY 2014