August footwear prices up in Singapore

25/09/2007
 
Singapore’s Consumer Price Index grew 0.3% in August compared with July, in line with expectations. July witnessed usually high growth of 2.1%.

The ‘clothing and footwear’ index rose by an impressive 1.5% as a result of higher ready-to-wear and shoe prices. An increase in leather and travel goods prices contributed to the 0.3% rise in the ‘recreation and other’ index.