Singapore Releases 2009 Consumer Price Index

Singapore Consumer Price Index for households in different income groups.

Consumer Price Index, July – December 2009

During July – December 2009, the consumer price index (CPI) for general households fell by 0.4 per cent over the same period of 2008, compared with an increase of 0.8 per cent in the first half of 2009. Similar trends were observed for all income groups. The CPIs for the lowest 20% and middle 60% income groups fell by 0.8 per cent and 0.5 per cent respectively while that for the highest 20% income group slipped by 0.1 per cent.

Consumer Price Index, 2009

For the whole year of 2009, the inflation rate for general households was 0.2 per cent, lower than the 6.5 per cent for 2008. The CPIs for the lowest 20% and top 20% income groups rose by 0.4 per cent each while that for the middle 60% income group edged up by 0.1 per cent.

The increases in the CPIs for all income groups in 2009 were mainly attributed to higher costs of food and health care. The rise in the CPI for the top 20% income group was also contributed by higher accommodation costs. These price increases were partially offset by lower electricity tariffs as well as cheaper petrol and holiday travel.

Topics: 2009, All Items Less Accommodation, cafeterias, canteens, catering trade, Catering Trade Index, consumer price index, CPI, CTI, December, eating places, economic activity, economic crisis, economic development, economic growth, economic recovery, Economy, fast food, food caterers, furniture, Governance, government, household equipment, monitor, month on month changes, motor vehicles, news, October, productivity, recepts, recession, restaurants, retail sales, RSI, sales, seasonal adjustment, seasonal effects, seasonally adjusted, Singapore, sundry shops, year on year changes

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