Simi lan cheow is core inflation

[bobby]

SINGAPORE: Singapore’s core inflation eased to 0.6 per cent year-on-year in February, a near four-year low on the back of slower price increases across most categories, official figures showed on Monday (Mar 24).

This is the fifth consecutive drop in the figure. It was below the median forecast of 0.7 per cent in a Reuters poll and January's reading of 0.8 per cent.

 

[bobby]

Core inflation is a measure of inflation that excludes volatile items like food and energy prices, providing a more stable indicator of underlying price trends

 

[bobby]

Inflation figures excluding food & energy prices is not inflation figures

 

[shiokalingam]

In Singapore, the Monetary Authority of Singapore (MAS) and the Department of Statistics (SingStat) publish several types of inflation measures, including:

1. Core Inflation – This measures the increase in consumer prices excluding accommodation and private transport costs. It reflects underlying inflation trends and is closely monitored by MAS for monetary policy decisions.
2. CPI-All Items Inflation (Headline Inflation) – This includes the price changes of all goods and services in the Consumer Price Index (CPI), including housing and private transport. It gives an overall picture of price changes in the economy.
3. MAS Core Inflation – This is similar to Core Inflation but is specifically tracked by MAS for policymaking purposes.
4. CPI-Excluding Imputed Rentals on Owner-Occupied Accommodation (CPI-ex OOA) – This excludes imputed rentals on owner-occupied housing, giving a clearer picture of actual household expenses.
5. CPI by Household Income Group – Inflation rates broken down by different household income groups to assess the impact of inflation on lower- and higher-income households.
6. CPI by Commodity Type – Inflation trends categorized by different goods and services, such as food, transport, and healthcare.

The most commonly referenced inflation figures are Core Inflation and CPI-All Items Inflation (Headline Inflation). Let me know if you need more details!

Lingam

 

[threadfin]

It's so obvious that such inflation figures are LIES.

 

[bobby]

Inflation should just be measured by YaKun prices

 

[ftan42]

so many types of inflation classification is to mislead us? or what

 

[laksaboy]

Treat all official economic stats from a totalitarian regime with a heavy pinch of salt, be it good news or bad news.

Same for China.

 

[True Believer]

Core inflation in S'pore "conveniently" excludes the prices of the 2 biggest ticket items - housing and cars.

 

[cocobobo]

When become bui bui

 

[shiokalingam]

Inflation should just be measured by YaKun prices

indeed , check out these indexes ,

The Big Mac Index, created by The Economist in 1986, is a well-known informal measure of purchasing power parity (PPP) and inflation across countries.

The index compares the price of a Big Mac in different countries to assess currency valuation and cost-of-living differences.

Other Food & Drink Inflation Measures:​

1. Starbucks Latte Index – Tracks the price of a Starbucks latte across different cities and countries.
2. Coca-Cola Index – Measures the price of a can or bottle of Coca-Cola in various regions.
3. Egg Index – Tracks the price of eggs, a staple in many households.
4. Milk Index – Measures the cost of milk, often used as a benchmark for grocery inflation.
5. Beer Index – Tracks beer prices worldwide, often used to gauge leisure spending power.
6. Burrito Index – A measure of minimum wage purchasing power in California, based on the cost of a burrito.
7. Pizza Index – Compares the cost of a basic cheese pizza across different locations.

These food-based inflation measures provide a relatable way to understand economic changes over time.

Lingam