Singapore’s Headline, Core Inflation Fell to 3.6% and 3.2% Separately in November

7
1
Favorite

Singapore’s Headline, Core Inflation Fell to 3.6% and 3.2% Separately in November

The Business Times2023-12-26

Singapore’s headline and core inflation both eased in November, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (Dec 26).Headline ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

romanc9
·2023-12-26
Then gov or bank should lower the interest rate..
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1185807248?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-12-26 13:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185807248","market":"sg","top_or_hot":-1,"title":"Singapore’s Headline, Core Inflation Fell to 3.6% and 3.2% Separately in November","media":"The Business Times","content":"<div>\n<p>Singapore’s headline and core inflation both eased in November, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (Dec 26).Headline ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/singapore/singapores-headline-core-inflation-ease-november\">Source Link</a>\n\n</div>\n","source":"lsy1607307803821","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Headline, Core Inflation Fell to 3.6% and 3.2% Separately in November</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Headline, Core Inflation Fell to 3.6% and 3.2% Separately in November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-26 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/singapore/singapores-headline-core-inflation-ease-november><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s headline and core inflation both eased in November, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (Dec 26).Headline ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/singapore/singapores-headline-core-inflation-ease-november\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.businesstimes.com.sg/singapore/singapores-headline-core-inflation-ease-november","article_id":"1185807248","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1607307803821","url":"https://www.businesstimes.com.sg/singapore/singapores-headline-core-inflation-ease-november","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1185807248","pubTimestamp":1703567576,"sourceInfo":{"source_id":"lsy1607307803821","name":"The Business Times"},"weMediaInfo":null,"summary":"Singapore’s headline and core inflation both eased in November, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (Dec 26).Headline inflati","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"translate_title":"新加坡的整体核心通胀率在11月份分别降至3.6%和3.2%","themeId":"8dd8b3510ee24ff1ba7734bf3b11b502","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":1.1},"content_text":"Singapore’s headline and core inflation both eased in November, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (Dec 26).Headline inflation for the month fell to 3.6 percent on the year, from the 4.7 percent recorded in October. It was also lower than the 3.9 percent median forecast by private-sector economists polled by Bloomberg.The lower headline inflation was due to lower inflation for retal and other goods, food, as well as electricity and gas, said MTI and MAS.Core inflation, which excludes accommodation and private transport, also inched down to 3.2 percent, a tick lower than the 3.3 percent rise recorded the previous month, and in line with economists’ median estimate of 3.2 percent. This was on account of lower private transport inflation.On a month-on-month basis, headline inflation was down 0.2 percent in November, while core inflation up 0.1 percent.In their statement, MAS and MTI kept to their inflation outlook for the previous release, with headline inflation expected to average around 5 percent, while core inflation projected to come in at around 4 percent in 2023.In 2024, headline and core inflation are expected to average between 3 percent and 4 percent, and 2.5 percent and 3.5 percent respectively. Excluding the transitory effects of the upcoming goods and services tax (GST) hike to 9 percent in January, headline and core inflation are projected to come in at between 2.5 percent and 3.5 percent, and 1.5 percent and 2.5 percent respectively.The authorities said core inflation is expected to remain around current levels and should come in at the upper end of the 2.5 to 3 percent range at the year-end. Meanwhile, headline inflation “could remain volatile in the near-term amid recent swings in COE premiums”, they said.In early 2024, core prices are expected to be impacted by GST hike, as well as seasonal effects. But it should resume a “broadly moderating trend” over the course of the year, as import cost pressures decline and tightness in the domestic labour market continues to ease.Meanwhile, headline inflation is expected to decline as private transport inflation slows in tandem with an expected increase in COE quotas. Accommodation inflation is also projected to ease as the supply of completed housing units increases, said MTI and MAS.Key CPI categoriesLower inflation was recorded for most categories in November.Private transport inflation tumbled to 4.2 percent, from 11.7 percent, as car prices rose at a much slower pace.Retail and other goods inflation dipped to 1 percent, from 1.6 percent previously, largely due to a decline in medial goods and household durables prices, as well as a smaller increase in personal care product prices.Food inflation also nudged down slightly to 4 percent, from 4.1 percent the previous month, as the prices of prepared meals rose at a slower rate.Electricity and gas inflation fell to 1.5 percent, from 1.8 percent in October, due to a smaller increase in electricity costs.Accommodation inflation moderated to 4.1 percent, from 4.2 percent previously, as the pace of increase in housing rents slowed slightly.In contrast, services inflation inched up slightly to 3.5 percent, from 3.4 percent, as the rise in costs for outpatient services, recreational and cultural services, as well as telecommunication services outpaced a decline in airfares.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":256254811463776,"gmtCreate":1703581350397,"gmtModify":1703581367628,"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4102495020619380","authorIdStr":"4102495020619380"},"htmlText":"Then gov or bank should lower the interest rate..&nbsp;","listText":"Then gov or bank should lower the interest rate..&nbsp;","text":"Then gov or bank should lower the interest rate..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256254811463776","repostId":1185807248,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":7,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}