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woonws
2021-12-23

Higher than expected

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

SINGAPORE'S headline inflation rose to 3.8 per cent in November, exceeding economists' expectations

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

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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 headline inflation surprises on upside at 3.8% in Nov, highest since Feb 2013\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-23 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/government-economy/singapores-headline-inflation-surprises-on-upside-at-38-in-nov-highest-since-feb><strong>Businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 (...</p>\n\n<a href=\"https://www.businesstimes.com.sg/government-economy/singapores-headline-inflation-surprises-on-upside-at-38-in-nov-highest-since-feb\">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-headline-inflation-surprises-on-upside-at-38-in-nov-highest-since-feb","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141652416","content_text":"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 (Singstat) consumer price index (CPI) figures showed on Thursday (Dec 23).\nThe new reading prompted the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) to revise their full-year estimates, though official forecasts for 2022 did not budge.\nDriven by stronger private transport inflation of 17.9 per cent, November's headline inflation was the highest since February 2013, when it was 4.9 per cent.\nCore inflation, which excludes accommodation and private transport, edged up to 1.6 per cent, above the 1.5 per cent figure that was both October's reading and economists' median estimate.\nThis mainly reflected a rise in services inflation to 1.9 per cent, from 1.6 per cent the month before, said the MAS and MTI.\nRetail and other goods was the only category to see prices fall, with inflation at -0.9 per cent, a sharper decline than October's -0.4 per cent figure.\nInflation also rose for electricity and gas, at 10 per cent, up from 7.8 per cent before; 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.","news_type":1},"isVote":1,"tweetType":1,"viewCount":699,"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":18,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}