Singapore's consumer price index (CPI) rose by 2.9 percent in August over the same month of last year, according to figures released by the Singapore Department of Statistics (SDS) today.
The price index for clothing and footwear rose by 0.8 percent in August year-on-year and that for food grew by 3.3 percent.
The CPI for health care and education & stationery grew by 6 percent and 4.4 percent respectively in the eighth month of this year, while the recreation and others price index rose by 4.4 percent.
Housing cost rose by 1.1 percent year-on-year while cost for transport and communication rose by 3.4 percent in the same month.
For the first eight months of this year, the CPI rose by 1.3 percent over the same period of last year.
CPI is one of the most useful indicators of inflation. It measures the change in the prices of a fixed basket of goods and services commonly purchased by the majority of households.