Food, retail fuel Singapore inflation

Food prices and retail goods cost slightly more last month, according to the latest consumer price index data in Singapore released by the Ministry of Trade & Industry.

Overall, inflation fell 0.6 per cent last month, unchanged from December. While there was moderate inflation for services and car prices fell more sharply, these were offset by a smaller drag from oil-related items as well as higher food and retail goods inflation.

Food inflation was up overall by 0.7 per cent because of non-cooked food items being more expensive, such as fish and seafood, meat and fruit. The costs of hawker meals and restaurant food also rose slightly.

Overall, retail items rose by 0.4 per cent in price, mainly because of clothing and footwear being more expensive.

Core inflation edged up to 0.4 per cent last month, mainly because of the food and retail increases.


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