In January, consumer prices rose 0.9% over the previous month. The reading came in well above December's flat print but at nearly half the 1.6% increase recorded in January 2011, prompting annual inflation to drop markedly from 5.5% in December to 4.8%. The inflation reading marked the slowest pace since May 2011 and was only a notch above market expectations that had inflation at 4.7%. January's monthly price increase was mainly driven by higher prices for housing, food as well as education and stationery. As a result, the Monetary Authority of Singapore's (MAS) annual core inflation measure, which excludes the costs of accommodation and private road transport, jumped from 2.6% to 3.5%. The MAS expects that inflation will average between 2.5% and 3.5% this year.
Inflation drops to lowest level in eight months
February 23, 2012
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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.