RHB | Singapore | Deflation Persisted And MAS Could Ease Policy Slightly

Economic Research	24 February 2016
Singapore
Economic Highlights
Deflation Persisted And MAS Could Ease Policy Slightly Singapore’s consumer price index (CPI) slipped 0.6% y-o-y in January, matching the pace of fall from the month before. Moderating services inflation and a slump in Certificate of Entitlement (COE) premiums weighed on the headline index, while overall cost of retail items, which grew 0.6% y-o-y, from 0.1% the month before, helped mitigate some of the downside. The core consumer price index (core CPI), which excludes the cost of accommodation and private road transport, ticked up to +0.4% y-o-y in January, from +0.3% the month before. Economist:  Ng Kee Chou | +603 92802179
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