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Inflation in April 2010 highest in 14 months

Thread starter Watchman
Start date May 27, 2010

Watchman

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May 27, 2010

Inflation in April highest in 14 months
Marissa Lee
Tue, May 25, 2010
The Straits Times

HIGHER transport, housing and food costs have sent inflation rising at its fastest pace in 14 months.

The consumer price index (CPI) rose 3.2 per cent last month over April last year. This beat the median estimate of 2.6 per cent by five economists surveyed by Bloomberg.

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Last month's inflation was all the more unexpected, in view of this year's relatively tame figures. The CPI rose 0.2 per cent in January over the same month last year and 1 per cent in February year-on-year.