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CPI up by 0.4% in April

28
May '07
The consumer price index in April 2007 increased by 0.4 per cent over March 2007. Price of clothing & footwear remained stable in April 2007.

On a seasonal adjusted basis, the consumer price index in April 2007 was 0.6 per cent higher. For the first four months of this year, the consumer price index rose by 0.6 per cent over the same period of 2006.

The consumer price index (CPI) is one of the most useful indicators of inflation. It measures the change in the prices of a fixed basket of goods and services commonly purchased by the majority of households.

The types and specifications of goods and services in the CPI basket as well as their weightage are kept constant to assure that any changes in the index reflect pure price changes.

Singapore Department of Statistics


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