Almost 5% riao. Our money is shrinking in bank!
Look at HDB and COE prices now confirm this year inflation is over 5%! Farking CCB PAP!
* Full year inflation in 2012 was 4.6 pct
* Core inflation measure +1.9 pct y/y, +0.2 m/m
SINGAPORE, Jan 23 (Reuters) - Singapore's Department of
Statistics released consumer price index (CPI) data for December
* The core inflation measure excludes the cost of accommodation
and private transport, which are influenced by government
policy.
- December's year-on-year inflation was above the 3.85
percent median estimate of 12 economists polled by Reuters.
- Private road transport was the biggest contributor to
December inflation, rising 9.3 percent from a year earlier.
- Inflation for the full year was 4.6 percent, in line with
the official forecast of slightly above 4.5 percent.
- The Ministry of Trade and Industry (MTI) and the Monetary
Authority of Singapore (MAS) said headline inflation "will
remain elevated, with month-to-month fluctuations, reflecting
significant contribution from car prices and imputed rentals on
owner-occupied accommodation".
- MTI and MAS added that persistent tightness in the labour
market will support wage increases in 2013, some of which will
continue to pass through to consumer prices.
- The outlook for 2013 inflation was unchanged at between
3.5 percent and 4.5 percent, while core inflation is likely to
average 2-3 percent for the whole year.
- Singapore has been suffering from higher-than-usual
inflation over the past two years, mainly due to a spike in
housing rents and car prices.
A tight job market, resulting from
measures making it harder for firms to hire low-cost workers
from abroad, also contributed to inflation.