Updated Tuesday, June 24, 2008 0:00 am TWN, AP

Singapore inflation holds at high on food prices

SINGAPORE -- Singapore’s inflation held at a 26-year high in May as food, housing and oil costs continued to rise, according to government data released Monday. The consumer price index — a noncore measure of costs for goods and services — rose 7.5 percent from a year earlier, the same increase as in April, the Department of Statistics said in a statement. Food costs in Singapore rose 9 percent from a year earlier in May, led by higher prices of cooked food, rice and other cereals, fresh vegetables, poultry and other foods. Housing costs jumped 12.4 percent on higher accommodation costs and more expensive electricity. The costs of transport and communication rose 6 percent because of dearer gasoline as well as higher taxi fares and car prices, the statement said.
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