Consumer Price Developments in February 2015
CPI-All Items inflation edged up to -0.3% in February from -0.4% in January 2015, on account of higher food and services inflation. Food prices rose by 2.5%, compared to the 2.2% increase in January1, as a result of the seasonal pickup in demand during the Chinese New Year period. Services inflation increased to 1.5%, from 1.2% a month ago, largely led by the higher cost of holiday travel during the festive season and the rise in tuition & other fees. Accommodation cost declined by 2.1%, extending the 1.9% fall in the previous month, reflecting the soft housing rental market.
Please click here for the press release: InflationFeb15.pdf
MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
23 March 2015