Economic
Research
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26 August 2014
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Singapore
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Economic
Highlights
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Singapore's consumer price
index (CPI) eased further to 1.2% y-o-y in July from +1.8% in June
and +2.7% in May. The number came in lower than consensus expectation of
+1.8%. The decline in inflation rate was mostly due to cheaper transportation
cost that arose from the correction in the certificate of entitlement (COE)
premiums in July that offset the increase in petrol pump prices.
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Tuesday, August 26, 2014
RHB | Singapore | Inflation Eased Further On Tight Monetary Policy
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