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2010.10.2502:11:00UTC+00Singapore September Consumer Price Index up 3.7 Pct Y/y

News

  • September consumer price index rose 0.2 pct reflecting higher costs of housing and food. Department of Statistics
  • CPI rose 3.7 pct y/y due to higher cost of housing, transport and food.
  • The Cbank sees the headline CPI rising to around 4.0 pct by the end of the year and stay high in the first half of 2011 before moderating.
  • Cbank said that it will seek to cap CPI inflation at 2.5-3.0 pct over 2010 and 2-3 pct in 2011.
  • The consumer price index in the first nine months of 2010 rose by an average 2.4 pct over the same period a year ago.

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