An honorable member of the Coffee Shop Has Just Posted the Following:
SINGAPORE: The Republic experienced deflation for the fifth consecutive month in March as the consumer price index (CPI) stayed in negative territory, according to figures released by the Department of Statistics on Thursday (Apr 23).
The CPI came in at -0.3 per cent last month, similar to that of February. "While food inflation eased and accommodation cost fell more steeply, the decline in private road transport cost was more modest," the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said in a joint press release.
Food prices inflation moderated to 2.1 per cent from 2.5 per cent in February, as a result of a slower rise in non-cooked food prices as demand eased after the Chinese New Year.
Services inflation stayed at 1.5 per cent, with the sharper increase in telecommunication services fees offset by a decline in air fares and a smaller uptick in hospitalisation charges.
Accommodation cost declined by 2.2 per cent, extending the 2.1 per cent fall in the previous month, as the housing rental market continued to soften.
Private road transport cost was 4 per cent lower, compared to the 5.8 per cent drop in February. This was following the increase in petrol duty rates.
Core inflation – which excludes changes in the price of private road transport and accommodation – came in at 1 per cent, down from 1.3 per cent in the previous month, reflecting the lower food inflation, the news release said.
http://www.channelnewsasia.com/news/....html?cid=fbsg
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23-04-2015, 09:30 PM
Cost of Living In Singapore Going Down! Thank You PAP!! I will vote for you!!
