Singapore: Singapore's headline
inflation rate in January rose 4.8% year-on-year, easing from the 5.5% on-year
rise in December 2011.
The 4.8% rise in the consumer price index (CPI) was the lowest year-on-year increase since May.
However core inflation - which excludes private property rentals - rose to a three-year high of 3.5%.
The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) warned inflation will likely remain elevated in coming months.
Analysts say this indicates inflation remains a concern and that monetary
authorities are likely to keep policy tight.
- CNA/ir
The 4.8% rise in the consumer price index (CPI) was the lowest year-on-year increase since May.
However core inflation - which excludes private property rentals - rose to a three-year high of 3.5%.
The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) warned inflation will likely remain elevated in coming months.
Analysts say this indicates inflation remains a concern and that monetary
authorities are likely to keep policy tight.
- CNA/ir
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