Singapore’s inflation rate continues to climb
Posted by temasektimes on July 23, 2012
According to the Department of Statistics, housing and transport costs top the increase.
Transport cost gained 8.7 per cent last month from 2011, with the increase mainly in private road transport because of higher car prices.
Together, accommodation and private road transport costs make up some two-thirds of the CPI all items inflation in June.
However, the authorities expect inflation rate to be lower in the second half of the year, compared to the first half.