Aug 23, 2007 - Singapore's consumer price index rose 2.6 percent from a year earlier in July after the government raised the tax on goods and services to seven percent from five percent effective July 1, the Department of Statistics said Thursday.
Compared to June, CPI was up 2.1 percent, it said.
Consumer prices rose due to higher costs of healthcare services, recreation, food,
transportation and communications, the statistics agency said. The cost of housing also edged higher, reflecting rising rents, electricity tariffs and maintenance costs, it said.
In the seven months to July, CPI was up one percent compared to the year-ago level, in line with government estimates.
Thursday, August 23, 2007
Singapore July CPI up 2.6 pct yr-on-yr on consumer tax hike
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