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2021-04-23
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Singapore's core, headline inflation continue to rise in March
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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 core, headline inflation continue to rise in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 14:09 GMT+8 <a href=https://www.businesstimes.com.sg/government-economy/singapores-core-headline-inflation-continue-to-rise-in-march><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE'S core inflation rose in March, staying positive for the second straight month after more than a year in negative territory, Department of Statistics consumer price index (CPI) figures ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/government-economy/singapores-core-headline-inflation-continue-to-rise-in-march\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/government-economy/singapores-core-headline-inflation-continue-to-rise-in-march","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191342743","content_text":"SINGAPORE'S core inflation rose in March, staying positive for the second straight month after more than a year in negative territory, Department of Statistics consumer price index (CPI) figures showed on Friday.\nCore inflation, which strips out the costs of accommodation and private road transport, was 0.5 per cent in March versus 0.2 per cent in February. Headline inflation was 1.3 per cent, up from 0.7 per cent.\nBoth inflation measures came in just over economists' expectations of 0.4 per cent for core inflation and 1.2 per cent for headline inflation.\nIn a joint statement, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) kept to their official forecast ranges. The outlook provided was largely similar to the MAS's half-yearly monetary policy statement earlier in April.\nThe increase in February was driven partially by the cost of services. Declines in the costs of retail and other goods, as well as electricity and gas, slowed.\nHeadline inflation was also boosted by higher private transport inflation, at 7.2 per cent, up from 4.2 per cent in February, due to a larger increase in car prices and an upward bounce in petrol costs.\nServices inflation rose to 1.2 per cent, on the back of steeper rises in point-to-point transport services fees and health insurance costs.\nThe cost of retail and other goods fell at a slower pace, with inflation at -1.5 per cent compared to -1.9 per cent in February. Electricity and gas inflation was -9.7 per cent, compared to February's -9.8 per cent.\nThe pace of accommodation inflation remained unchanged at 0.5 per cent.\nFood inflation was the only category that bucked the trend, slowing to 1.4 per cent in March from 1.6 per cent previously.\nThe MAS and MTI maintained their full-year forecast ranges of zero to 1 per cent for core inflation, and 0.5 to 1.5 per cent for headline inflation. The latter forecast was raised in the April monetary policy statement.\nAs in April, MAS and MTI expect external inflation to continue rising in the near term amid the recovery in global oil prices and a turnaround in produce price inflation in some major economies.\n\"While there are some upside risks, the upward pressure on global inflation should ease in the latter part of 2021,\" they said, with oil price rises capped by surplus production capacity and import price pressures held in check by lingering negative output gaps in some major trading partners.\nAt home, \"price pressures are likely to gradually pick up and broaden across the CPI basket as labour market conditions improve and private consumption recovers\".\nBoth headline and core inflation are forecast to rise in the months ahead - reflecting both low base effects from 2020 and stronger domestic demand - but inflation is unlikely to accelerate in the second half of the year as business cost pressures are contained.\n\"Wage growth is expected to be muted as the slack in the labour market will take time to be fully absorbed while commercial rents are projected to stay low,\" they said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":683,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/372066719"}
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