Singapore's August CPI up 6.4 pct
23/9/2008 17:48
Singapore's consumer price index (CPI) rose at an annual rate of 6.4
percent in August, due to higher costs of housing and food, but easing further
from a 26- year high of 7.5 percent between April to June, government figures
showed today.
From the previous month, the inflation rose 0.1 percent after
seasonal adjustments, said the Singapore Department of Statistics (SDS) in a
statement.
Arising from higher accommodation costs and electricity tariffs,
housing cost advanced by 12.8 percent in August from a year ago, while food
prices went up by 8.4 percent.
The CPI for the first eight months of 2008 was
6.9 percent higher compared with the same period of previous year, said the
SDS.
The Monetary Authority of Singapore (MAS), the central bank, has raised
its inflation forecast for 2008 to 6.0-7.0 percent from the previous 5.0-6.0
percent.
Xinhua
|
