Singapore: Inflation accelerated in March – UOB By pabspiovano Singapore Inflation Banks CPI
“Singapore’s consumer prices rose at its fastest rate in a decade at 5.4% y/y in Mar 2022. This is significantly faster compared to market expectations for a 4.7% y/y print. Core inflation also accelerated to 2.9% y/y in the same month .”
“As discussed in our latest MAS policy and GDP report, we keep our headline inflation forecast to average 4.5%. Moreover, we expect core inflation to breach 3.0% for the rest of this year, and average 3.5% for the year.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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