Singapore Core Inflation Hits 3.3% in April

The Business Times2022-05-23

SINGAPORE’S core consumer prices have continued to climb on increases in the cost of food and other goods, as well as electricity and gas, according to figures out on Monday (May 23).Core inflation – ...

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Comments

RichyRick
2022-05-23
RichyRick
The poor will suffer more
ee244c
2022-05-23
ee244c
Will it drops when the Russian Ukraine war is over?
ValuInvestor
2022-05-23
ValuInvestor
Remove fuel surcharges and taxes to lower costs
JY1980
2022-05-23
JY1980
Hi
JY1980
2022-05-23
JY1980
Hi
Steadyhoo
2022-05-23
Steadyhoo
core inflation will be “significantly above its historical average through the year” and could continue to rise “in the coming months” before retreating towards the year-end - cutting back on spending for many and watching your dollar

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This is its highest level since early 2012.That’s even as the headline inflation print was stable on the month before at 5.4 percent – and a shade under the median estimate of 5.6 percent in a Bloomberg poll– as the growth in private transport costs eased on a smaller increase in car prices.Still, private transport expenses were up by 18.3 percent in April, against 21.5 percent in March, while accommodation costs rose by 3.9 percent year on year in April, compared with 3.5 percent in March, on higher rents.Private transport and accommodation inflation are expected to stay firm in the near term, according to projections from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI).The rising price of food continued to drive inflation in April, with costs higher by 4.1 percent year on year, up from 3.3 percent in March.The MAS and MTI noted that “the prices of both non-cooked food and food services rose at a faster pace”. The price of oils and fats was up by 9.9 percent in April; milk, cheese and eggs by 6.7 percent; meat by 5.7 percent; and fish and seafood by 5.6 percent. Hawker fare was up by 4.2 percent, and restaurant food, by 3.8 percent.Inflation in retail and other goods picked up to 1.6 percent, from 0.4 percent in March – attributed to an increase in apparel prices. Clothes cost 1.7 percent more year on year.Electricity and gas prices grew by a steeper 19.7 percent in April, compared with 17.8 percent in March, as household electricity and gas tariffs went up in the second quarter. 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over?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026020767","repostId":1138257221,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9026088942,"gmtCreate":1653297771286,"gmtModify":1676535255677,"author":{"id":"4087361572396550","authorId":"4087361572396550","name":"ValuInvestor","avatar":"https://static.tigerbbs.com/5a962911d3cd0763a9f0cb01392cacd9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4087361572396550","authorIdStr":"4087361572396550"},"htmlText":"Remove fuel surcharges and taxes to lower costs","listText":"Remove fuel surcharges and taxes to lower costs","text":"Remove fuel surcharges and taxes to lower 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inflation will be “significantly above its historical average through the year” and could continue to rise “in the coming months” before retreating towards the year-end - cutting back on spending for many and watching your dollar","listText":"core inflation will be “significantly above its historical average through the year” and could continue to rise “in the coming months” before retreating towards the year-end - cutting back on spending for many and watching your dollar","text":"core inflation will be “significantly above its historical average through the year” and could continue to rise “in the coming months” before retreating towards the year-end - cutting back on spending for many and watching your dollar","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026033822","repostId":1138257221,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":84,"commentSize":10,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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