Singapore's inflation edges up to 2% in August

ALL content used in this not-for-profit blog remain the property of their respective owners.
http://www.businesstimes.com.sg/breaking-news/singapore/singapores-inflation-edges-2-august-20130923

Inflation in Singapore continued to rise for the fourth consecutive month in August, inching up slightly to 2 per cent last month from July's 1.9 per cent.

This was on account of stronger increases in the costs of accommodation, food, and services, which were partly offset by the smaller gain in private road transport costs.

August's headline CPI was in line with the expectations of economists polled by Reuters, who had forecast the inflation rate to rise by 2 per cent from a year ago.

In a joint statement on Monday, the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said that accommodation costs rose by 4.2 per cent last month compared to 2.6 per cent in July, when there was a disbursement of Service & Conservancy Charges (S&CC) rebates for HDB households.