Singapore inflation eases to 3.6% in January

CONSUMER price rises in Singapore eased in January across all measures of inflation.

Overall inflation rose by 3.6 per cent in January from a year ago, down from December's 4.3 per cent rise, according to the Department of Statistics.

Pushing up prices in January was a jump in transport costs, which rose 8.5 per cent in the period. Housing costs, including accommodation costs, also climbed by 4.4 per cent.

Excluding imputed rentals, a type of accommodation cost, inflation was a smaller 2.9 per cent in January. This was also down from 3.8 per cent in December.

Imputed rentals are the expected rentals home owners would have to pay if they were tenants of their own homes and do not actually figure in home-owners' cash spending.

Core inflation, which excludes all accommodation costs and private road transport prices, fell to 1.2 per cent in January from 1.9 per cent in December.

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