Economic Research | 26 February 2018 | |||
Singapore | ||||
Economic Update | ||||
Inflation Stagnated in January Singapore’s CPI remained unchanged in Jan 2018, following an increase of 0.4% in the preceding month. This came on the back of a slower increase in transport and food prices, as well as the wider decline in housing & utilities costs. Going forward, CPI is envisaged to move higher, underpinned by a pick-up in private consumption and higher crude oil prices. Nevertheless, these gains would be capped by slack labour conditions as well as dissipation of previous government measures. We maintain our forecast for CPI to rise 1.6% in 2018, from +0.6% in 2017 Economists: Vincent Loo Yeong Hong | +603 9280 2172 Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 19 February: 2017 GDP Beat Forecasts, Growth To Slow But Broaden 19 February: January NODX Growth Shows Broadening Signs 15 February: Budget 2018: GST Hike, E-Commerce Tax Expected 2 February: Loan Growth Accelerated On Financial Sector Demand 29 January: December’s Decline Still Caps a Strong Year For IPI | ||||
Economics Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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