Chart of the Day: Transport CPI inflation remains high at 7.5%
‘Sky-high’ COE premium is the main culprit, says DBS.
Here’s more from DBS Group Research:
Transport CPI inflation remained high at 7.5% and the sky-high COE premium is the main culprit. It is having such a huge impact on the headline inflation that the transport ministry has recently announced to ease off on the tightening on vehicle population growth rate to 1.0% per annum instead of the previous target of 0.5%, from the current rate of 1.5%.