Singapore records 2.5% increase in consumer prices
The transport expenditure saw the highest increase at 9.6% YoY.
The Department of Statistics Singapore announced a 2.5% year-on-year (YoY) increase in the Consumer Price Index (CPI).
Month-on-month, the CPI is lower by 0.2% in June.
Of the 10 expenditure divisions, the transport sector recorded the highest increase at 9.6% YoY. Meanwhile, the clothing and footwear industry had the most decrease in CPI at 5.5% YoY.
6,800 brands were included in the CPI basket and were further broken down into ten main expenditure divisions based on the Classification of Individual Consumption According to Purpose or COICOP.