Singapore Inflation up 3.8%

Consumer Price Index for Singapore rose 3.8% year-on-year in November compared to 2009 according to a press release by the Singapore Department of Statistics. Higher cost in housing, recreation and transportation are cited as reasons for the jump.

Transport costs led the charge, showing a 9.4% increase compared to prices in 2009. Higher prices of cars and petrol were given as the reasons. Housing costs increased by 4% compared to the previous year due to higher electricity tariffs in 2010 and accommodation costs.

SingStats Press Release

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