Economic Research | 26 March 2018 | |||
Singapore | ||||
Economic Update | ||||
Food Prices Drive Up CPI In February Singapore’s CPI picked up to 0.5% YoY in Feb 2018, after barely moving in the preceding month. This was mainly due to stronger increases in the prices of food, healthcare, recreation & culture, as well as a smaller decline in the cost of utilities. 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 the dissipation of previous government measures. We maintain our forecast for CPI to rise 1.6% in 2018, from +0.6% in 2017 Economists: Peck Boon Soon | +603 9280 2163 Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 15 March : NODX Slipped Into Decline Amid Lunar Holidays 28 February : Loans Growth The Strongest In Three Years 26 February : IPI Picks Up In Early 2018 26 February : Inflation Stagnated in January 19 February: 2017 GDP Beat Forecasts, Growth To Slow But Broaden | ||||
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 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
Monday, March 26, 2018
FW: RHB | Singapore | Food Prices Drive Up CPI In February
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