Singapore - Singapore's inflation up 5.7% in Nov

SINGAPORE: Singapore's inflation rose 5.7 per cent on-year in November due to higher costs of housing, car premiums and petrol.

Data from the Department of Statistics (DOS) showed housing costs increased by 10.0 per cent on higher accommodation costs and electricity tariffs.

Meanwhile, transport costs rose 11.6 per cent due to increases in Certificate of Entitlement premiums and petrol prices.

Food prices also went up 3.6 per cent, as a result of costly prepared meals, seafood, dairy products and eggs, fruits, vegetables as well as chilled meat.

Not including accommodation costs, inflation was 4.4 per cent higher from the previous year. 

Last month's consumer price index was higher than market expectations of a 5.4 per cent on-year increase.

The consumer price index in January-November 2011 was 5.2 per cent higher compared to the same period last year. Excluding accommodation costs, the consumer price index increased by 4.2 per cent during the same period.

-CNA/ac


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