Singapore core inflation at 0.8% y/y, lower than forecast


SINGAPORE: Singapore's key consumer price gauge rose 0.8% in January from a year earlier, lower than economist forecasts, official data showed on Monday.

The core inflation rate, which excludes private road transport and accommodation costs, compared with a 1.5% forecast by a Reuters poll of economists.

Headline inflation was 1.2% in annual terms in January, lower than economists' forecast of 2.15%.

Statistics Singapore said the CPI had been rebased to a base year of 2024 from 2019. The annual change in the headline inflation rate in December was revised to 1.5% from 1.6%. - Reuters  

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , inflation , CPI

Next In Business News

KWAP continues pursuing all avenues to maximise recovery of its investment in eFishery
Family travel reshaping romantic resorts
China assets gain ground
A guide to saving for hajj
From space rocks to smart watches
Velesto’s cancelled rig sale highlights oil volatility
Earnings hurdle for Wall Street
Tanco’s AI Port rally runs into fundamental reality
Big tech tests bond market capacity
Keeping pace with AI threats

Others Also Read