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Prices rise 4.6% in 2012, caused mostly by accommodation, private transport

Published on Jan 23, 2013 1:00 PM
 
Prices rose by 4.3 per cent in the final month of last year, bringing inflation to 4.6 per cent for the whole of 2012. Accommodation and private road transport accounted for more than two-thirds of inflation.-- PHOTO: DESMOND WEE

Prices rose by 4.3 per cent in the final month of last year, bringing inflation to 4.6 per cent for the whole of 2012.

The primary cause for the jump in inflation was accommodation and private road transport which accounted more than two-thirds of inflation.

Private road transport climbed 9.3 per cent in December, while accommodation shot up 8.5 per cent.

Take these out, and core inflation stood at about 1.9 per cent last month, down slightly from the 2 per cent recorded in November.

 
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