By Faris
Mokhtar | Yahoo!
Newsroom – 3 hours
ago
The rise
in consumer price index in September compared to the same period
last year was attributed to the increase in housing, private
transport and food prices. (AFP photo)
Singapore’s consumer price
index (CPI)
increased by 5.5 per cent in September, compared to the same period
last year on the back of higher costs of
housing, private
road transport and food, said
theDepartment of Statistics
Singapore on Monday.
It pointed out that
the 9.6 per cent rise in housing cost was due to higher
accommodation cost and electricity tariffs.
Meanwhile, the
higher cost of private road transport which climbed to 11.4 per
cent was primarily caused by a significant increase in Certificate
of Entitlement (COE) premiums as well as higher price of
petrol.
However, September’s
CPI fell by 0.2 per cent from 5.7 per cent in August. The decline
was attributed to lower costs of commodities including private road
transport, clothing and footwear.
According to Singstat, this more than offset the higher prices of
food and accommodation. It added that the lower cost of private
road transport was due to fall in COE premiums.
I see another GST increase coming.
