Consumer Price Developments in June 2014
CPI-All Items inflation came in lower at 1.8% y-o-y in June
CPI-All Items inflation fell to 1.8% in June from 2.7% in May, mainly on account of a more moderate increase in car prices. Contributions from other major categories, except food, were also slightly lower.
Private road transport cost edged up by 2.8% in June, a smaller rise compared to the 8.1% surge a month earlier, largely due to the sharp correction in COE premiums in May.
Accommodation cost increased at a slower pace of 0.5% compared to 0.9% in May, as imputed rentals on owner-occupied accommodation (OOA) picked up more modestly.
Services inflation eased to 2.2% from 2.5% in the preceding month, owing to lower contributions from the cost of holiday travel, telecommunication and medical insurance.
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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 JULY 2014
MINISTRY OF TRADE AND INDUSTRY
23 JULY 2014