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Overall inflation eases further to 1.4% in January, but core inflation accelerates to 2.2%

Published on Feb 24, 2014 1:00 PM
 
The pace of overall price rises in Singapore eased further last month as the cost of private road transport continued to fall. -- ST FILE PHOTO: ASHLEIGH SIM 

The pace of overall price rises in Singapore eased further last month as the cost of private road transport continued to fall.

Inflation was 1.4 per cent in January, down from 1.5 per cent in December last year, according to data from the Department of Statistics on Monday.

This was largely because transport costs slid 2.7 per cent last month over a year ago, the department's figures showed. In particular, private road transport costs fell 3.5 per cent.

But core inflation, which excludes accommodation and private road transport costs, accelerated to 2.2 per cent in January from 2 per cent in December. This measure of inflation is released by the Monetary Authority of Singapore (MAS) and is seen as a better gauge of out-of-pocket cash expenses for most households.

 
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