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Inflation falls sharply to 4% in October

Published on Nov 23, 2012 3:39 PM
 
High-rise housing apartments and other buildings looking north-east across the island of Singapore. Inflation fell sharply to 4 per cent in October largely due to smaller increases in the price of cars and accommodation, the Department of Statistics said today. -- ST PHOTO: ALPHONSUS CHERN

Inflation fell sharply to 4 per cent in October largely due to smaller increases in the price of cars and accommodation, the Department of Statistics said today.

This was a sharp drop from September's 4.7 per cent increase in the consumer price index, an inflation gauge.

Private road transport cost rose by a more moderate 8.3 per cent in October from 10.8 per cent in September. Accommodation cost was also lower in October at 6.8 per cent, down from 7.7 per cent in September.

Food inflation edged down to 1.7 per cent in October from 2.1 per cent in September.