Singapore’s inflation rises more than expected in February; core inflation at 3.

[No guessing game]

https://tigr.link/72OEAs


Win liao lo. Us 3% ours 3.6%. Is anybody doing anything at all in sg

[encourageSome1]

https://tigr.link/72OEAs


Win liao lo. Us 3% ours 3.6%. Is anybody doing anything at all in sg

no text de only headline ??



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Pasted text source for u
https://finance.yahoo.com/news/singapore-february-core-inflation-rises-050609913.html#:~:text=The%20February%20figure%20was%20the,the%202.9%25%20rise%20in%20January.


Singapore February core inflation rises to 3.6% y/y, highest since July 2023
Mon, March 25, 2024 at 1:06 PM GMT+8

View of the skyline in Singapore
SINGAPORE (Reuters) - Singapore's core inflation rose 3.6% in February from a year earlier, official data showed on Monday, above estimates and the highest since July 2023 amid a rise in the cost of healthcare and recreation goods and services.

The core inflation rate, which excludes private road transport and accommodation costs, was faster than the 3.4% forecast by a Reuters poll of economists and the 3.1% seen in January.

The February figure was the highest since the 3.8% in July 2023 according to LSEG data.

Headline consumer prices in February were up 3.4% from the same month last year, stronger than the 3.3% forecast in the poll and the 2.9% rise in January.

"This was driven by higher services and food inflation, partly reflecting seasonal effects associated with the Chinese New Year," the Trade Ministry and Monetary Authority of Singapore (MAS) said in a statement on Monday.

Core inflation is expected to resume a gradual moderating trend over the rest of the year, it said, as import cost pressures continue to decline and tightness in the domestic labour market eases.

They projected both headline and core inflation to average 2.5% to 3.5% for 2024.

While inflation has slowed from its peak of 5.5% in January last year, it remains sticky amid slowing economic growth and an increase in goods and service tax by one-percentage point this year.

The economy expanded 1.1% last year, moderating from the 3.8% in 2022.

Singapore expects higher economic growth at 1% to 3% this year but warned of a mixed economic outlook due to geopolitical risks. MAS in January left monetary policy settings unchanged in its first review of 2024.

MAS, which uses exchange rate as its primary tool, has increased the frequency of its reviews from twice a year to quarterly starting this year. It is due to revisit monetary settings in April.

"The gradually strengthening S$ trade-weighted exchange rate should also continue to temper Singapore's imported inflation in the quarters ahead," MAS and the Trade Ministry said.

(Reporting by Yantoultra Ngui and Xinghui Kok; Editing by Martin Petty)

[No guessing game]

Its approaching 4% fed committed to 2% level 3.6 is sibei the high if this is us  market already plunge. The above got do anything bo

[Suntan]

Hv. If Gonna takeover Msia for the commonwealth games hosting. Gov spending stimulating certain sectors will sure make our consumer prices up from those benefitting from huge gov spendings.

[No guessing game]

Hv. If Gonna takeover Msia for the commonwealth games hosting. Gov spending stimulating certain sectors will sure make our consumer prices up from those benefitting from huge gov spendings.

Does this mean gg?

[Suntan]

Does this mean gg?

Juz means more inflation. Inflate problems away. Like stock market, even the coy has problems, no real sales, the high prices of stock make shareholders happy till one day.....crash & burn

[darkevil]

They will always flip flip flip

[No guessing game]

Juz means more inflation. Inflate problems away. Like stock market, even the coy has problems, no real sales, the high prices of stock make shareholders happy till one day.....crash & burn

2024 going to be hard...

[Suntan]

2024 going to be hard...

No worry. Zheng Hu knows how to give relief & soften it.

[default]

https://tigr.link/72OEAs


Win liao lo. Us 3% ours 3.6%. Is anybody doing anything at all in sg

They are monitoring

[default]

Its approaching 4% fed committed to 2% level 3.6 is sibei the high if this is us  market already plunge. The above got do anything bo

They are monitoring hard