Singapore CPI fell for first time in
almost four years
Singapore’s consumer price index or CPI, has fallen for the
first time almost four years.
The Department of Statistics, DOS, says it was 0.7 per cent
lower in April, compared to a year ago.
It was the first decline registered since June 2005.
DOS, says this is mainly due to lower costs of transport &
communication, housing and “recreation & others”.
Reflecting cheaper petrol, as well as lower car prices and road
tax, costs of transport and communication declined by more than 6
per cent.
Housing cost dipped by 1.7 per cent as a result of lower
electricity tariffs and service & conservancy charges or
S&CC.
Rebates for S&CC were given in April 2009 but not in April
2008.
For the first four months of this year, DOS says the CPI was 1.4
per cent higher.
--938Live