Wednesday, December 23, 2009

S’pore Nov CPI down 0.2% on lower housing cost

The consumer price index (CPI) fell 0.2 per cent in November over the same period last year, due to lower housing cost, the Department of Statistics (DOS) said in a press release on Wednesday.

CPI has shown year-on-year declines since April this year.

DOS pointed out that the ‘decline of 4.6 per cent in housing cost resulted from lower electricity and gas tariffs.’

These declines were moderated by higher costs of transport and communication which rose 2.4 per cent. Food and health care were also dearer.

Excluding accomodation costs, the CPI was 0.3 per cent lower in November from the corresponding month in 2008.

DOS also said the November CPI went up 0.4 per cent over October as a result of higher costs of housing, food and recreation.

Source: Business Times, 23 Dec 2009

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