​​Consumer Price Developments in December 2015

CPI-All Items inflation came in at -0.6% in December, compared to -0.8% in November, mainly due to a stronger pickup in the cost of petrol and overall price of services.

Private road transport cost fell by 1.1% in December, moderating from the 1.7% decline in November. Petrol pump prices rose at a faster pace on a year-ago basis in December, owing to the relatively low base in the same period last year.1 This more than offset the larger drop in car prices seen in December amid weaker Certificate of Entitlement (COE) premiums.

Please click here for the press release: Inflation_Dec15.pdf