Singapore Inflation Rate for October 2008

November 24th, 2008 · No Comments

The annual inflation rate for Singapore in October 2008 stands at 6.4%. It has dropped slightly as compared to the 6.7% annual inflation rate experienced in September 2008. Despite the fall, it is still considered high and this is mainly attributed to the increase in housing and food costs.

More expensive accommodation and electricity tariff have caused housing cost to surge by 16.4% while increase in prices of cooked food, fresh vegetables and poultry, cooking oils, rice & other cereals have resulted a 7.8% hike in food cost.

For more information, refer to Singapore Consumer Price Index October 2008 (PDF)