Singapore's headline inflation surprises on upside at 3.8% in Nov, highest since Feb 2013

Businesstimes2021-12-23

SINGAPORE'S headline inflation rose to 3.8 per cent in November, exceeding economists' expectations of 3.4 per cent and beating October's previous high of 3.2 per cent, Department of Statistics (...

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精彩评论

woonws
2021-12-23
woonws
Higher than expected
Tendollar
2021-12-23
Tendollar
Everything all up a lot....except $alary
- woonws:
  Salary will go up less than inflation [流泪]
- FlorCheah:
  haha.. it will rise soon

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and food, at 1.9 per cent, up from 1.7 per cent before.\nWith just 1 month of the year left, the MAS and MTI raised the official 2021 full-year forecast to 2.3 per cent for headline inflation, up from \"about 2 per cent\" before.\nThis is given \"the sharp rise in private transport costs in recent months due to higher COE (certificate of entitlement) premiums\", they said.\nThey also narrowed the full-year core inflation forecast to 0.9 per cent, compared to a previous forecast of \"near the upper end of the 0 to 1 per cent\".\nBut they maintained their official forecasts for 2022, with core inflation to be between 1 and 2 per cent, and headline inflation to average 1.5 to 2.5 per cent.\nMost Singstat expenditure categories, distinct from the MAS and MTI categories, saw prices rise year on year in November.\nThe exceptions were clothing and footwear, down 6.6 per cent; communication, down 1.2 per cent; and miscellaneous goods and services, down a marginal 0.1 per cent.\nThe MAS and MTI's outlook remained largely the same from the previous month's release. They expect global inflation to remain elevated for some time, with crude oil prices supported by tight supply conditions and firm demand. Also expected to continue are supply-demand mismatches in various commodities and goods markets, and bottlenecks in global transportation.\nAt home, the labour market recovery is expected to become more entrenched, and wages will continue to rise at a steady pace.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":691730894,"gmtCreate":1640239914224,"gmtModify":1640239914798,"author":{"id":"3581999478634265","authorId":"3581999478634265","name":"woonws","avatar":"https://static.tigerbbs.com/f26ed1a10ee84ab97229aad191ef3133","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Higher than expected&nbsp;","listText":"Higher than expected&nbsp;","text":"Higher than expected","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691730894","repostId":1141652416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":691702262,"gmtCreate":1640236986965,"gmtModify":1640236987082,"author":{"id":"3574249039232152","authorId":"3574249039232152","name":"Tendollar","avatar":"https://static.tigerbbs.com/f605c975630017596221e6b84fd5350f","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Everything all up a lot....except $alary","listText":"Everything all up a lot....except $alary","text":"Everything all up a lot....except $alary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/691702262","repostId":1141652416,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7087665,"gmtCreate":1640239936216,"gmtModify":1640239936304,"authorId":3581999478634265,"author":{"id":3581999478634265,"authorId":3581999478634265,"name":"woonws","avatar":"https://static.tigerbbs.com/f26ed1a10ee84ab97229aad191ef3133","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":691702262,"type":1,"supId":0,"prevId":0,"content":"Salary will go up less than inflation  [流泪]","text":"Salary will go up less than inflation  [流泪]","html":"Salary will go up less than inflation  [流泪]"},{"id":7087621,"gmtCreate":1640239397624,"gmtModify":1640239397659,"authorId":3573025586175142,"author":{"id":3573025586175142,"authorId":3573025586175142,"name":"FlorCheah","avatar":"https://static.tigerbbs.com/8cb91e5f44e414335718e1beffda39e8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":691702262,"type":1,"supId":0,"prevId":0,"content":"haha.. it will rise <u>soon</u>","text":"haha.. it will rise <u>soon</u>","html":"haha.. it will rise <u>soon</u>"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":28,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.0","shortVersion":"4.25.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1141652416"}