Chart of the Day: Transport CPI inflation remains high at 7.5%

‘Sky-high’ COE premium is the main culprit, says DBS.

Here’s more from DBS Group Research:

Transport CPI inflation remained high at 7.5% and the sky-high COE premium is the main culprit. It is having such a huge impact on the headline inflation that the transport ministry has recently announced to ease off on the tightening on vehicle population growth rate to 1.0% per annum instead of the previous target of 0.5%, from the current rate of 1.5%.

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