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Old 03-06-2016, 08:25 AM   #12
Seannie
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Join Date: Aug 2011
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only because the price of cars and condos went up alot before coming down recently.
In the CPI basket, public road transport costs such as buses and taxi fares, have risen. Meanwhile education costs are also on the increase such as tuition fees and textbooks.

Food prices including those of cooked food are on the rise as well.HOWEVER, these items are a smaller portion compared to larger-ticket items like houses and cars. That is why overall headline consumer prices have been on a downtrend.

Most singaporeans own their own homes and hence will not be impacted by the softer housing rental market. As for cars the purchase is usually a one-off item that will last for years, so lower car prices do not have a consistent impact compared to daily necessities.
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