Singapore’s Consumer Prices Rose Marginally in Jan as Govt Changed Housing Price Computation

The Wall Street Journal, 23 Feb 2010
The consumer price index—a noncore measure of costs for goods and services—rose 0.2% in January from a year earlier, the Singapore Department of Statistics said Tuesday.
Pushing the index higher was a 7.1% rise in transport costs—following jumps in the prices of cars and petrol—and a 0.1% rise in food costs, which account for 22% of the index.
However, these rises were mitigated by a 2.4% drop in housing costs, a fall that in part reflects a change in the way such prices are measured—the department now uses monthly rental costs instead of annual property valuations. Full Story

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