RSS   Newsletter   Contact   Advertise with us

Singapore inflation stable in March

Staff Writer | April 25, 2017
In March, consumer prices in Singapore stayed flat over the previous month, matching February’s reading.
Singapore
Asia   According to Statistics Singapore
According to Statistics Singapore, the reading mainly reflected higher prices for transport and clothing and footwear offsetting lower prices for communication and housing and utilities.

Inflation came in at 0.7% in March, mirroring February’s result. The reading matched market expectations. The annual average variation in consumer prices inched up from February’s minus 0.3% to minus 0.2%.

The Monetary Authority of Singapore’s (MAS) core inflation measure, which excludes the cost of accommodation and private road transport, recorded a 1.2% increase in March, matching February’s reading.

The MAS expects average inflation to be between 0.5% and 1.5% in 2017. FocusEconomics Consensus Forecast panelists expect inflation of 0.8% in 2017, which is unchanged from last month’s estimate.

For 2018, the panel sees average inflation at 1.2%.


 

MORE INSIDE POST