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Consumer Price Index for 2004

SINGAPORE CONSUMER PRICE INDEX (November 1997 October 1998 = 100) DECEMBER 2004

The consumer price index in December 2004 fell by 0.1 per cent over November 2004 due mainly to lower costs of transport and communication as well as cheaper clothing.
On a seasonally adjusted basis, the consumer price index in December 2004 also slipped by 0.1 per cent over November 2004.
Compared with December 2003, the consumer price index in December 2004 was 1.5 per cent higher. The rise was attributed primarily to dearer food and higher costs of education and stationery.
The consumer price index in 2004 rose by 1.7 per cent over 2003. All group indices, except housing, increased.
Food prices went up by 2.0 per cent due mainly to dearer cooked food, hen eggs, fresh pork and poultry.
Prices of clothing edged up by 0.1 per cent on account of increased prices of ready-made garments.
Housing cost slid by 0.1 per cent primarily as a result of cheaper accommodation and to a smaller extent, lower domestic refuse removal fees.
Costs of transport and communication rose by 1.2 per cent due to dearer petrol which was partially offset by lower car prices.
The increase of 4.2 per cent in the costs of education and stationery reflected mainly higher prices of newspapers and tuition fees paid to foreign universities.
Increased Chinese physician charges led to an increase of 6.0 per cent in healthcare cost.
Prices of miscellaneous items were 2.3 per cent higher on account of dearer cigarettes.

Source: Department of Statistics Press Release 24 Jan 2005



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25 January 2005