SINGAPORE, July 23 (Xinhua) -- Singapore's consumer price index (CPI) rose by 5.3 percent in June, rebounding from the inflation rate of 5.0 percent of the previous month, the Department of Statistics said on Monday.
The higher increase was mainly due to higher accommodation cost.
The June housing costs rose by 9.7 percent on year, up from the previous month's inflation of 8.2 percent. Its sub-index named accommodation cost inflation also saw a rise of 10.8 percent from 9.0 percent in May, the Monetary Authority of Singapore (MAS) said in a joint press release with the Ministry of Trade and Industry. Full story
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