Thursday, May 24, 2018

FW: RHB | Singapore | April's Inflation Still Soft

 

 

 

 

Economic Research

23 May 2018

Singapore

 

Economic Update

 

 

 

April’s Inflation Still Soft

 

u Singapore’s CPI saw a slower rise of 0.1% YoY in April, after a 0.2% growth in the preceding month. This was mainly due to a further drop in the prices of housing and transport. Core CPI rose by 1.3% YoY, slowing from a growth of 1.5% YoY in March.

u Going forward, the CPI is envisaged to trend higher, as imported inflation is expected to increase mildly following the rise in commodity prices. However, domestic inflation will remain moderate going forward, as retail rents have stayed relatively subdued.

u MAS’ shift in policy rate to a slightly hawkish stance in April would help to reign in imported inflationary pressures to some extent.

 

Economist:

Vincent Loo Yeong Hong   | +603 9280 2172

 

 

To access our recent reports please click on the links below:

17 May: NODX Rebounds In April On Pharma Exports

30 April: M3 Eases In March, Loans Stay On Upward Trend

26 April: IPI: Stellar Semicon Growth But Weakness Persists

23 April: March Inflation Eases To 0.2% YoY

17 April: NODX Falls 2.7%, EP NODX Disappoints

13 April: 1Q GDP At 4.3% On Manufacturing Boost, MAS Hawkish

 

Economics Team

Arup Raha

Group Chief Economist

arup.raha@rhbgroup.com

+65 6232 3896

Peck Boon Soon

Chief ASEAN Economist

bspeck@rhbgroup.com

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Singapore

vincent.loo@rhgroup.com

+603 9280 2172

Ahmad Nazmi Idrus

Indonesia

ahmad.nazmi.idrus@rhbgroup.com

+603 9280 2179

Aris Nazman Maslan

Thailand, Philippines , Vietnam

mohd.aris.nazman@rhbgroup.com

+603 9280 2184

 

 

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