In October, consumer prices increased 0.4% over the previous month, which contrasted a 0.2% price drop in September. The monthly rise was mainly driven by increased prices for housing, which rose on the back of ?higher imputed rentals of owner-occupied accommodation?, as well as food. Annual headline inflation fell for the second month in a row, down slightly from 5.5% in September to 5.4% in October. The reading, nevertheless, overshot market expectations that had inflation at 5.2%. Meanwhile, the Monetary Authority of Singapore's (MAS) annual core inflation measure, which excludes the costs of accommodation and private road transport, rose from 2.1% in September to 2.3% in October. The MAS expects that inflation will average between 4.0% and 5.0% this year. However, annual average inflation is already at the upper end of the range, having inched up from 4.9% in September to 5.0% in October.
Inflation inches down in October
November 23, 2011
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Singapore Economic News
October 24, 2016
In September, consumer prices stayed flat compared to the previous month, following the 0.5% increase recorded in August.
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.