SINGAPORE'S inflation rose for a second month in February due to higher food and transport costs.
The consumer price index rose 1 per cent from a year earlier, and was up by 0.6 per cent from January on a seasonally adjusted basis, said the Department of Statistics on Tuesday.
Food prices rose by 0.7 per cent in February due to dearer prepared meals, fresh seafood and chilled pork during the Chinese New Year period, while communication cost rose 2.2 per cent mainly from higher internet subscription fees.
Excluding accommodation costs, the CPI went up by 0.5 per cent last month.
Compared to a year ago, inflation was up by 1 per cent, reflecting higher costs of transport, food and education.
Transport cost surged by 7.6 per cent from a year ago because of higher car and petrol prices, while food prices crept up by 1.2 per cent.
Singapore last month lowered its inflation forecast for this year to 2-3 per cent from the previous 2.5 to 3.5 per cent due to a rebasing of the consumer price index.
[SOURCE: http://www.straitstimes.com]
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