Singapore Jan. Inflation Slows To 8-month Low

Singapore's annual inflation eased to the lowest in eight months in January, mainly due to lower contribution from private road transport costs, data released by the Ministry of Trade and Industry showed Thursday.

Consumer price inflation slowed to 4.8 percent in January from 5.5 percent in December, in line with economists' forecast. The latest figure was the lowest since Many 2011, when consumer prices rose 4.5 percent.

On a monthly basis, consumer prices moved up 0.9 percent in January, after remaining unchanged in the previous month.

The agency said that Singapore's inflation is likely to remain elevated in the first quarter, while core inflation may stay at around 3 percent in the next few months. In the whole of 2012, inflation is estimated to be in the rage of 2.5 percent to 3.5 percent, while core inflation is likely to be in the 1.5-2 percent range.

Published: 2012-02-23 04:22:00 UTC+00 2 months, 4 weeks, 17 hours, 31 min. ago

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