Consumer Price Developments in March 2016 

CPI-All Items inflation eased to -1.0% in March from -0.8% in February, due primarily to a significant decline in private road transport cost.  Private road transport cost fell at a faster pace of 5.9% in March, compared to the 3.9% decline a month earlier. This was mainly due to a large drop in petrol pump prices on a year-ago basis, reflecting the higher base in March 2015 following the hike in petrol duties. Car prices also saw a sharper decline due to lower Certificate of Entitlement (COE) premiums compared to the same period last year.


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MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
25 April 2016