FOREX TradingCharts.com

Financial News: Singapore Inflation Eases More Than Expected In December

Singapore Inflation Eases More Than Expected In December

01/23/2018 - 00:40:00 (RTTNews)

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

Consumer prices climbed 0.4 percent year-over-year in December, slower than the 0.6 percent rise in November. Economists had expected the inflation to moderate to 0.5 percent.

The slowdown in December was largely on account of lower private road transport and services inflation.

Private road transport inflation slowed to 2.6 percent in December from 4.1 percent in the prior month. Services inflation dropped from 1.6 percent to 1.3 percent.

Food inflation dropped marginally to 1.4 percent from 1.5 percent, as a smaller increase in the prices of non-cooked food items more than offset slightly higher food services inflation.

MAS Core Inflation, which excludes the costs of accommodation and private road transport, eased to 1.3 percent in December from 1.5 percent in the previous month, mainly due to lower services inflation.

Month-on-month, consumer prices edged down 0.1 percent in December, reversing a 0.6 percent increase in November.

For the whole of 2017, CPI-All Items inflation came in at 0.6 percent, reversing two consecutive years of negative inflation.

MAS Core Inflation averaged 1.5 percent in 2017 and is expected to stay in the 1-2 percent range in 2018. Meanwhile, CPI-All Items inflation came in at 0.6 percent in 2017 and is projected to be 0-1 percent this year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Inflation Slows For Second Month (13 hr(s), 13 min(s), 26 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (13 hr(s), 25 min(s), 26 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (13 hr(s), 26 min(s), 26 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (13 hr(s), 55 min(s), 26 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (15 hr(s), 30 min(s), 26 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (16 hr(s), 17 min(s), 26 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (16 hr(s), 28 min(s), 26 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (17 hr(s), 17 min(s), 26 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...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.