In April, consumer prices added 0.3% over the previous month, which came in above the 0.1% price rise registered in March. In line with developments around the world, the monthly hike reflected higher prices for transportation as well as for food, which were partially offset by lower prices for housing as well as for clothing and footwear. Owing to the subdued monthly rise, annual inflation dropped from 5.0% in March to 4.5% in April, which was just a notch above market expectations. Monetary authorities tightened their policy stance on 14 April, when they re-centered the Singapore dollar policy band upwards. Meanwhile, annual average inflation, which is the reference for monetary policy decisions, inched up from 3.9% in March to 4.0% in April.
Inflation resumes downward trend
May 23, 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.