Article 1: “Economists see cost pressure fuelling consumer prices”
Table of content
A: Introduction……………………………………………………………………….1
1.Summary………………………………………………………………………1
2.Theories applied………………………………………………………………1
B: Analysis……………………………………………………………………………2
1. Research findings……………………………………………………………...2
2. Interpretation……………………………………………………………………2
. I. Cost-push inflation……..……………………………………………………2
II. Demand-pull inflation………………………………………………………..3
3. Application………………………………………………………………………5
4. Conclusion……………………………………………………………………...6
5, Recommendation………………………………………………………………7
C: References list……………………………………………………………………7

A: Introduction
1.Summary
Headline in-inflation may have moderated more than expected in December. But economists say inflation is unlikely to stay this low for long, especially with domestic cost pressure driving up consumer prices in 2014. A decline in private road transport costs which was in turn thanks to lower COE premiums. Economists polled by Bloomberg had been expecting a 2 per cent rise in (CPI) in December from a year ago. COE premiums were lower last year than in 2012, but we probably underestimated the magnitude of the impact this would have on head line inflation was said by DBS economist Irvin Seah. So the monetary Authority of Singapore ( MAS) and the Ministry of Trade and Industry (MTI) said the recent weakness in car COE premiums partly reflected a high base as premiums surged in the same period one year earlier. Accommodation costs moderated as well, as hosing rentals edged up at a slower pace from a year ago. Other wise, food inflation inched up to 2.7 per cent from 2.6 per cent in November, due to a slightly faster pick-up in non-cooked food prices. Services inflation meanwhile, was smaller increases in the cost of holiday travel and household services were offset by higher contributions and medical