, Singapore

Housing prices grew a tad 4.4%

It's the lowest since November 2010.

According to CIMB, headline inflation rose a gentler 3.6% in Jan (4.3 % in Dec), matching Nov 12’s 27-month low and exceeding consensus and expectations of +4.0% yoy.

Mom SA, prices dipped 0.3 % (+1.2%in Dec). The subtler inflation was predominantly the result of lower core and housing inflation.

Housing rose 4.4% yoy, the lowest since Nov 10’s +4.0% on base effects.

Here's more from CIMB:

Due to a shift in Lunar New Year festivities this year, from Jan 12 to Feb 13, food CPI moderated to 1.0% in Jan from 1.5% in Dec, the lowest since Mar 10’s +0.9% yoy.

But costlier cars on higher COE premiums bumped up private road transport by 10.5% yoy in Jan 13 vs. Dec 12’s +9.3, and overall transport costs to a 4-month high of 8.5% yoy.

And due mainly to a high-year ago base when it jumped 3.5% yoy in Jan 12 from 2.6% in Dec 11, the MAS’s coreCPI moderated to 1.2% yoy, the lowest since Mar 10 on a combination of “cheaper” food, communications and healthcare.
 

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