Consumer price index up 7.5% in August

Transport prices were over 20% higher than a year ago.

Singapore’s consumer price index (CPI) rose 7.5% in August compared to a year earlier, or 0.9% higher from July 2022, mostly driven by higher transport and food prices.

Transport prices jumped 20.2% compared to August 2021, whilst food prices were 6.4% higher over the same period of comparison, according to data released by the Singapore Department of Statistics.

Prices of clothing and footwear also jumped 8.7%.

Housing utilities are 6% higher, whilst education and healthcare prices logged a 2.2% and a 2.7% rise, respectively.

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