When thy need to pay MORE for food

Then this is another gd reason to speed up this bloody WPI projects. Ahaks, thy now desperately need more M’sian balls land to grow & produce their own food - off course for cheaper cost veggies, fish and aquaculture, poultry and fresh halal pork etc.

Singapore’s Nov consumer prices up 4.2% year-on-year

SINGAPORE : Singapore’s consumer prices rose faster-than-expected in November, underpinned by higher costs for food and housing, said the Department of Statistics on Friday.

The consumer price index - a non-core measure of costs for goods and services - rose 4.2 percent from a year earlier, after rising 3.6 percent in October.

Last month, the government raised its inflation forecast for next year to 3.5-4.5 percent, with a peak at around 5 percent at the start of 2008.

Rising costs of imported goods and a robust real estate market sparked a pickup in inflation late this year, prompting the central bank to tighten monetary policy in October.

Housing costs increased on account of higher rents.

Prices for food were higher as a result of more expensive vegetables, bread, and fresh pork.

Transport expenses also increased, mainly as a result of more costly gasoline.

On month, the index gained 0.6 percent in seasonally adjusted terms, surpassing a forecast for a 0.3 percent rise. The index rose 1.3 percent in October from September.

In unadjusted terms, the CPI also rose 0.6 percent in November from October. - CNA/ch

Related news:

Singapore’s Nov. Inflation Accelerates to Highest in 25 Years

Singapore’s Nov. CPI Jumps Up To 4.2 Percent, Highest Since 1982

Ps: Wishing all my Christian friends [and whoever believe with St. Nick] - Selamat Hari Natal and most expensive Christmas to all S’porean - Have a very nice & safe breaks for the rest.

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