Chart of the Day: Inflation eased to 4% in October

Accommodation and private road transport costs account for the bulk.

The Monetary Authority of Singapore and the Ministry of Trade and Industry jointly reported:

CPI-All Items inflation eased to 4.0% in October from 4.7% in September 2012. This was largely due to smaller increases in the costs of private road transport and accommodation.

Private road transport cost rose by a more moderate 8.3% in October from 10.8% in the preceding month, reflecting the correction in COE premiums in September. The smaller increase in private road transport cost accounted for more than half of the 0.7% point fall in CPI-All Items inflation in October, as compared to a month ago.

Accommodation cost inflation was 6.8% in October, lower than the 7.7% in September. The moderation was largely due to the dissipation of the base effects associated with the Service & Conservancy Charges (S&CC) and HDB rental rebates. The contribution of imputed rentals on owner-occupied accommodation (OOA) to overall inflation also declined marginally to 1.3% points.

Together, accommodation and private road transport costs continued to account for close to two-thirds of CPI-All Items inflation in October.

Food inflation edged down to 1.7% in October from 2.1% in September. Price increases of both non-cooked food and prepared meals weakened to below 2% in October, from 2.3% and 2.0% respectively in September.

Prices of oil-related items in the CPI also rose at a slower pace in tandem with the moderation in global crude oil prices.

However, services inflation inched up to 3.1% in October, from 3.0% in September, on account of a stronger pickup in the costs of holiday travel and household services.

Inflation as measured by CPI less imputed rentals on OOA (CPI-ex OOA) eased to 3.3% in October from 3.9% in September, reflecting more moderate increases in the costs of private road transport, food and oil-related items as well as the dissipation of the base effects from the S&CC and rental rebates.

Excluding the costs of accommodation and private road transport, MAS Core Inflation fell to 2.2% in October from 2.4% in September as stronger services inflation was more than offset by lower contributions from food and oil-related items.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3476-0.001-0.07%
    USDSGD=X
    1.4945-0.0002-0.01%
    EURSGD=X
    2.0986-0.0064-0.30%
    GBPSGD=X
    91.0997-0.1505-0.16%
    SGDJPY=X
    5.7532+0.0052+0.09%
    SGDHKD=X
    2.8107+0.0213+0.76%
    SGDMYR=X
    9,913.9316+62.9443+0.64%
    SGDIDR=X
    4.6051+0.0047+0.10%
    SGDCNY=X
    1.0135-0.0157-1.52%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,167.80+4.30+0.37%
    GCQ15.CMX
    15.65+0.09+0.60%
    SIU15.CMX
    62.65+1.28+2.08%
    ^XAU
    2.62-0.01-0.53%
    HGU15.CMX
    55.52-1.41-2.48%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65-0.06
    ^FVX
    2.39-0.02
    ^TNX
    3.190.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.156-0.009-5.45%
    5DN.SI
    0.300.000.00%
    5WA.SI
    0.189+0.001+0.53%
    5MC.SI
    0.865+0.015+1.76%
    N03.SI
    0.4150.0000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.09+20.88%
    BAJ.SI
    0.515+0.075+17.05%
    AWV.SI
    0.215+0.031+16.85%
    AZR.SI
    0.22+0.03+15.79%
    AZT.SI
    0.54+0.06+12.50%
    AWZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.06-0.06-50.00%
    5TW.SI
    0.09-0.03-25.00%
    40R.SI
    0.31-0.09-22.50%
    AVW.SI
    0.10-0.02-15.25%
    5I1.SI
    0.33-0.05-13.16%
    5UL.SI