|
Economic
Research
|
24 November 2016
|
|
Singapore
|
|
|
Economic
Highlights
|
|
|
Singapore’s consumer price
index (CPI) fell 0.1% y-o-y in October, easing marginally from its -0.2%
reading the month before, aided by a smaller drag from petrol and electricity
prices. Core CPI gained 1.1% y-o-y, after growing 0.9% the month before.
Inflation is expected to
continue to pick up in the coming months, underpinned by a low base effect
for energy prices. However, gains will be constrained by weak economic growth
and softening consumer sentiment. We maintain our forecast for CPI to decrease
0.6% in 2016, before rising 1.0% next year.
Economist: Ng Kee Chou
| +603 92802179
|
|
Thursday, November 24, 2016
October CPI Inches Higher But Consumer Sentiment Remains Patchy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.