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.
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.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!