Chart of the Day: Increase in food prices eases

Food prices show signs of easing in the first half of 2012, says the Retail Price Watch Group.

Retail Price Watch Group reported:

Singapore’s Consumer Price Index (CPI) for food has come down to 2.3 per cent in June from 3.8 per cent in January this year, compared to a year ago. The slower pace of food inflation has an impact on household expenditure as food expenses take up a considerable portion of each household’s monthly budget.

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