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
    1.3314+0.0013+0.09%
    USDSGD=X
    1.4912+0.0019+0.13%
    EURSGD=X
    2.0155+0.0019+0.09%
    GBPSGD=X
    90.2847-0.085-0.09%
    SGDJPY=X
    5.8226-0.0055-0.09%
    SGDHKD=X
    2.6993-0.0025-0.09%
    SGDMYR=X
    9,768.2979-9.2168-0.09%
    SGDIDR=X
    4.6670-0.0044-0.09%
    SGDCNY=X
    1.0453+0.001+0.09%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,174.30-8.10-0.69%
    GCM15.CMX
    16.12-0.03-0.17%
    SIN15.CMX
    73.19+0.32+0.44%
    ^XAU
    2.93+0.04+1.51%
    HGN15.CMX
    59.05-0.58-0.97%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51+0.06
    ^FVX
    2.12+0.07
    ^TNX
    2.83+0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.191-0.003-1.55%
    B0Z.SI
    0.290.00-1.69%
    5WA.SI
    0.865+0.010+1.17%
    N21.SI
    0.151-0.029-16.11%
    41T.SI
    4.43-0.01-0.23%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.665+0.120+22.02%
    41E.SI
    1.045+0.165+18.75%
    AVM.SI
    1.005+0.105+11.67%
    AVN.SI
    0.235+0.020+9.30%
    5G1.SI
    0.25+0.02+8.70%
    E94.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.151-0.029-16.11%
    41T.SI
    0.17-0.02-10.53%
    5OQ.SI
    0.103-0.012-10.43%
    T16.SI
    0.235-0.025-9.62%
    F86.SI
    0.89-0.06-6.81%
    C29.SI