Singapore core inflation at weakest pace in almost 3 years

[WangChuk]

https://sg.news.yahoo.com/singapore-core-inflation-at-weakest-pace-in-almost-3-years-071909587.html

By: Cynthia Li

(Bloomberg) — Singapore’s core inflation in October slowed to the weakest pace since December 2021, as heathcare and recreation price gains eased.

Singapore core inflation falls to lowest since December 2021. (PHOTO: Bloomberg)
The core measure, which excludes housing and private transportation costs, rose 2.1% last month from a year earlier, government data showed Monday. That’s lower than the median estimate of 2.5% in a Bloomberg News survey.


Headline inflation came in at 1.4%, the slowest pace since March 2021, the data showed. That was slower than the 1.8% median estimate in a Bloomberg News survey. The non-seasonally adjusted monthly measure fell 0.3%.

The Monetary Authority of Singapore said in its latest review that the disinflation trajectory is “well entrenched” though it cautioned on upside risks to prices. The central bank expects core inflation to end the year around 2% and average around the midpoint of its 1.5-2.5% forecast range in 2025.

The MAS, which uses the exchange rate rather than interest rates to control price growth, will review policy settings end-January.

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

 

[laksaboy]

Inflation stats can be gamed by cherry picking what the statisticians include in their 'basket of goods'.

When Trump destroys the globalist anti-carbon 'sustainability' cult and start drilling/fracking for oil again, things will get better. But the PAP technocrats are bound to their Davos masters and balls deep into their nonsense, we shall see what happens.

Here's an idea: abolish the carbon tax. Can't do this simple thing? Then forget about it.

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[WangChuk]

https://sg.news.yahoo.com/singapore-core-inflation-at-weakest-pace-in-almost-3-years-071909587.html

By: Cynthia Li

(Bloomberg) — Singapore’s core inflation in October slowed to the weakest pace since December 2021, as heathcare and recreation price gains eased.

Singapore core inflation falls to lowest since December 2021. (PHOTO: Bloomberg)
The core measure, which excludes housing and private transportation costs, rose 2.1% last month from a year earlier, government data showed Monday. That’s lower than the median estimate of 2.5% in a Bloomberg News survey.


Headline inflation came in at 1.4%, the slowest pace since March 2021, the data showed. That was slower than the 1.8% median estimate in a Bloomberg News survey. The non-seasonally adjusted monthly measure fell 0.3%.

The Monetary Authority of Singapore said in its latest review that the disinflation trajectory is “well entrenched” though it cautioned on upside risks to prices. The central bank expects core inflation to end the year around 2% and average around the midpoint of its 1.5-2.5% forecast range in 2025.

The MAS, which uses the exchange rate rather than interest rates to control price growth, will review policy settings end-January.

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

Wonder if this is the basis of NTWU to raise their bus interchange canteen food price by 20% from Dec 2024 in order to help keep inflation constantly up?

 

[Ah Max]

i cannot feel ze inflation slowdown.

now i go kopitiam makan i only order beer instead of normal drinks as itz more value 4 $.

 

[myfoot123]

I don't believe in this data shit, after voters have suffered two round of consecutive GST hikes. I also doubt they take into consideration the price hike of utilities, housing and transport related expenses.

 

[Franjipani]

PAP propaganda damn tok kong. Bunch of liars.

 

[ftan42]

I don't believe in this data shit, after voters have suffered two round of consecutive GST hikes. I also doubt they take into consideration the price hike of utilities, housing and transport related expenses.

high priced items (shelter, vehicle$COE) and highly fluctuating price items are not included in the basket of items in the formula