August's inflation at 3.9%, lowest since November 2010
SINGAPORE (REUTERS) - Inflation in August stood at 3.9 per cent, the lowest since November 2010 when year-on-year inflation was 3.8 per cent.
Housing was the biggest contributor to August inflation, rising 6.1 per cent from a year earlier.
Accommodation cost, a subset of housing, slowed to 7.4 per cent year-on-year in August from 7.8 per cent in July as residential property rentals rose at a more moderate pace.
The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) reiterated that headline inflation should average 4.0 to 4.5 per cent in 2012.