FOREX TradingCharts.com

Financial News: Singapore Inflation Accelerates More Than Expected

Singapore Inflation Accelerates More Than Expected

12/26/2017 - 01:10:00 (RTTNews)

(RTTNews) - Singapore's consumer price inflation accelerated at a faster-than-expected pace in November, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed Tuesday.

Consumer prices climbed 0.6 percent year-over-year in November, faster than the 0.4 percent rise in October. Economists had expected the inflation to increase to 0.5 percent.

The pick up in inflation was mainly driven by higher private road transport and accommodation costs.

Services inflation edged up to 1.6 percent in November from 1.5 percent in October. At the same time, food inflation remained stable at 1.5 percent.

MAS Core Inflation, which excludes the costs of accommodation and private road transport, also held steady at 1.5 percent.

On a monthly basis, consumer prices rose 0.6 percent in November, reversing a 0.3 percent drop in the preceding month.

MAS Core Inflation is expected to be around 1.5 percent in 2017 and average 1-2 percent in 2018, while CPI-All Items inflation is projected to come in at around 0.5 percent this year and stay in the range of 0-1 percent next year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Jobless Rate Falls Unexpectedly (15 min(s), 20 sec(s) ago)
(RTTNews) - Hong Kong's unemployment decreased unexpectedly in the three months ended December ...Full Story»

China's Q4 GDP Growth Steady At 6.8% (02 hr(s), 23 min(s), 20 sec(s) ago)
(RTTNews) - China's economy expanded at a steady pace at the end of 2017, data from the Nation ...Full Story»

Dutch Export Growth At 5-Month High (03 hr(s), 25 min(s), 20 sec(s) ago)
(RTTNews) - Dutch export growth accelerated in November to the highest level in five months, figur ...Full Story»

Dutch Jobless Rate Remains Stable In December (03 hr(s), 54 min(s), 20 sec(s) ago)
(RTTNews) - Dutch unemployment rate remained stable in December, after falling in the previous two ...Full Story»

New Zealand House Prices Rise, Sales Fall In December (04 hr(s), 09 min(s), 20 sec(s) ago)
(RTTNews) - New Zealand's house prices increased in December from a year ago, while the volume ...Full Story»

China's Home Prices Increase In Most Cities (04 hr(s), 11 min(s), 20 sec(s) ago)
(RTTNews) - House prices in majority of the Chinese cities increased in December, the National Bur ...Full Story»

Japan Nov Industrial Production Rises Less Than Estimated (52 min(s), 40 sec(s) ago)
(RTTNews) - Japan's industrial production increased less than initially estimated in November, ...Full Story»

Australia's Inflation Expectations Unchanged In January (09 min(s), 40 sec(s) ago)
(RTTNews) - Australia's inflationary expectations remained unchanged in January, survey data f ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Jobless Rate Falls Unexpectedly

01/18/2018 - 04:45 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment decreased unexpectedly in the three months ended December ...Full Story>>

China's Q4 GDP Growth Steady At 6.8%

01/18/2018 - 02:37 AM (RTTNews)
(RTTNews) - China's economy expanded at a steady pace at the end of 2017, data from the Nation ...Full Story>>

Dutch Export Growth At 5-Month High

01/18/2018 - 01:35 AM (RTTNews)
(RTTNews) - Dutch export growth accelerated in November to the highest level in five months, figur ...Full Story>>

Dutch Jobless Rate Remains Stable In December

01/18/2018 - 01:06 AM (RTTNews)
(RTTNews) - Dutch unemployment rate remained stable in December, after falling in the previous two ...Full Story>>

New Zealand House Prices Rise, Sales Fall In December

01/18/2018 - 00:51 AM (RTTNews)
(RTTNews) - New Zealand's house prices increased in December from a year ago, while the volume ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.