In September, consumer prices dropped 0.2% over the previous month. The print was the result of lower prices for transportation as well as for clothing and footwear, which more than offset higher prices for food and accommodation. Owing to the subdued monthly print, annual inflation dropped from 5.7% in August to 5.5% in September, which was slightly below market expectations that had inflation inching down to 5.6%. However, annual average inflation maintained its upward trend, rising from 4.7% in August to 4.9 % in September. The Monetary Authority of Singapore projects inflation to average between 4.0% and 5.0% this year.
Inflation moderates but remains high
October 24, 2011
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Singapore Economic News
October 17, 2016
In September, non-oil domestic exports (NODX) dropped 4.8% from the same month last year, deteriorating from August’s flat result.
October 14, 2016
According to advanced estimates released by the Ministry of Trade and Industry on 14 October, GDP declined a sharp 4.1% in Q3 from the previous quarter at a seasonally adjusted annualized rate (SAAR), down from Q2’s revised 0.2% rise (previously reported: +0.3% quarter-on-quarter).
October 14, 2016
At its second scheduled semi-annual meeting of 2016, which took place on 14 October, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.
October 3, 2016
The manufacturing PMI produced by the Singapore Institute of Purchasing & Materials Management (SIPMM) picked up from 49.8 in August to a 15-month high of 50.1 in September.
September 23, 2016
In August, consumer prices increased 0.5% compared to the previous month, contrasting the 0.3% decrease recorded in July.