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Economic Research
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24 February 2017
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Singapore
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Economic
Update
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Singapore’s consumer price index (CPI) grew 0.6%
YoY in January, rising from +0.2% the month before. Going forward, we expect
CPI remain positive, supported by:
1. higher
fuel and commodity prices;
2. a
low base effect after two years of decline; and
3. rising
economic activities in tandem with expanding in export demand.
However, the rise is expected to remain subdued
capped by existing inventories and a soft property market. In all, we expect
CPI to rise 1.2% in 2017, compared to -0.5% each for the previous two years
Economist: Ng Kee Chou | +603 92802179
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Friday, February 24, 2017
Rising Energy Inflation Continues To Drive Positive CPI
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