SINGAPORE — Singapore's key consumer price gauge rose 5.5 per cent in January, the fastest pace in more than 14 years but slightly lower than forecast, leaving analysts spilt over the direction of the central bank's monetary policy this year. The core inflation rate — which excludes private road transport and accommodation costs — topped the 5.1 per cent rise...
Passersby hold their mobile phones to take selfies with Singapore's central business district skyline in the background, Singapore on May 10, 2019.SINGAPORE — Singapore's key consumer price gauge rose 5.5 per cent in January, the fastest pace in more than 14 years but slightly lower than forecast, leaving analysts spilt over the direction of the central bank's monetary policy this year.
The increment was driven by higher prices of services, food, retail and other goods, along with an increase in sales tax that came into effect in January. "...Core inflation [is] still on the ascent...[and] probably keeps tightening still on the table for now," said Selena Ling at OCBC, who expects the MAS to tighten monetary policy via re-centering higher.
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Singapore's January core inflation rises 5.5 per cent, fastest in 14 yearsSINGAPORE — Singapore's key consumer price gauge rose 5.5 per cent in January, the fastest pace in more than 14 years but slightly lower than forecast, leaving analysts spilt over the direction of the central bank's monetary policy this year. The core inflation rate — which excludes private road transport and accommodation costs — topped the 5.1 per cent rise...
Read more »