Singapore Inflation April 2018

Singapore

Singapore: Inflation moderates in April

May 23, 2018

Consumer prices decreased 0.5% over the previous month in April, down from March’s 0.2% drop. According to data released by Statistics Singapore, the fall in prices was primarily driven by lower prices for housing and utilities.

In April, inflation moderated to 0.1% from the prior month’s 0.2%, coming in below market expectations. Annual average inflation was stable at the previous month’s reading of 0.5%.

Finally, the Monetary Authority of Singapore’s (MAS) core inflation measure, which omits the costs of accommodation and private road transport, also eased, from 1.5% in March to 1.3% in April. The dip came on lower retail inflation and a milder rise in electricity tariffs.

Singapore Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2018, which is down 0.1 percentage points from last month’s estimate. For 2019, the panel sees average inflation of 1.3%.


Author:, Economist

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Singapore Inflation Chart


Singapore Inflation April 2018

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Singapore (Singstat).


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