All Items inflation came in at -0.4% in July compared to -0.3% in June, mainly due to the lower cost of private road transport. Private road transport cost fell by 0.1% after rising by 1.2% in June, largely on account of the decline in Certificate of Entitlement (COE) premiums for cars. Accommodation cost declined by 2.8% following the 2.6% drop in the previous month, reflecting the continued softening of the housing rental market.

 

Please click here for the press release: Consumer Price Developments in July 2015.pdf

 

MINISTRY OF TRADE AND INDUSTRY

MONETARY AUTHORITY OF SINGAPORE

24 August 2015