Economic Research | 23 May 2018 | |||
Singapore | ||||
Economic Update | ||||
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 | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Singapore | +603 9280 2172 | ||
Ahmad Nazmi Idrus | Indonesia | +603 9280 2179 | ||
Aris Nazman Maslan | Thailand, Philippines , Vietnam | +603 9280 2184 | ||
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