empty
 
 

2019.11.2505:25:00UTC+00Singapore Inflation Slows In October

Singapore's consumer price inflation eased in October, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.

The consumer price index rose 0.4 percent year-on-year in October, after a 0.5 percent increase in September. Economists had expected a 0.5 percent rise.

The slowdown was driven by a steeper decline in the cost of electricity and gas and lower services inflation, data showed.

MAS core inflation, which excludes the costs of accommodation and private road transport, slowed to 0.6 percent in October from 0.7 percent in the previous month. This was the lowest in more than three years.

On a month-on-month basis, consumer prices fell 0.4 percent in October, after remaining unchanged in the preceding month. At the same time, MAS core CPI remained unchanged in October.

The MAS and the ministry forecast core inflation to come within the lower end of the 1-2 percent range in 2019 and average 0.5- 1.5 percent in 2020. Meanwhile, overall inflation is expected to be around 0.5 percent in 2019 and average 0.5-1.5 percent in 2020.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback