Chart of the Day: Private transport cost growth slowed down in April

It rose by just 0.5%.

According to MAS and MTI, CPI-All Items inflation eased to 1.5% in April from 3.5% in March. This moderation, which had been anticipated in the March Inflation Report, largely reflected the continued effects of the motor vehicle-related policy measures introduced since late February, as well as the temporary impact from the disbursement of government rebates for HDB service & conservancy charges (S&CC).

Private road transport cost edged up by 0.5% in April, a significantly smaller rise compared to the 8.6% increase a month earlier. The deceleration was due to lower COE premiums in March and price adjustments by car dealers following the implementation of the motor vehicle-related policy measures.

As a result, the contribution of private road transport to CPI-All Items inflation fell to 0.1% point from 1.2% points in the preceding month.

Accommodation cost inflation slowed to 2.4% in April from 5.8% in March due to the disbursement of S&CC rebates for HDB households. The rebates led to a fall in the cost of minor repairs & maintenance which partially offset the rise in imputed rentals on owner-occupied accommodation.

On the whole, accommodation cost contributed 0.5% point to CPI-All Items inflation, down from 1.2% points in March.

The rise in services fees eased slightly to 2.2% in April from 2.5% in the previous month, due to a decline in holiday travel cost and a smaller increase in school tuition fees.

Prices of oil-related items declined by a steeper 5.2% in April relative to the 2.8% fall in the preceding month, mainly due to lower electricity tariffs and petrol pump prices compared to a year ago.

Food inflation was stable at 1.8% in April.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia