Singapore Business Review
Blame it higher wages.
The Monetary Authority of Singapore today stated that the country’s
Core Inflation is projected to stay above its historical average over
the next few quarters, even as CPI-All Items inflation remains subdued.
MAS Core Inflation, which excludes private road transport and
accommodation costs, averaged 2.2% y-o-y in July–August, similar to Q2
and up from 2.0% in Q1 2014. This relatively firm outcome was largely
due to continued pass-through of higher wages and other business costs
to the prices of consumer services.
The MAS noted that domestic food inflation could be impacted by higher
prices of regional food supplies. At the same time, with the economy at
full employment, wages should continue to increase and filter through to
prices, in particular, of services items for which demand remains firm,
such as healthcare and education.
On a year-ago basis, MAS Core Inflation is projected to pick up
gradually into early next year, before easing in the second half of
2015. MAS Core Inflation is forecast to average 2–2.5% in 2014 and 2–3%
in 2015.
Posts
Apple Q4 2024 earnings call: Services revenue drives growth amid mixed
challenges
-
Apple, one of the world’s most valuable companies, continues to impress
with its strong performance. Known for its high levels of customer
satisfaction a...
9 hours ago
inflation...hmm..makes dividends from investments all the more important and money lying in the bank less so.
ReplyDeleteFully agreed!
DeleteInvest in those companies who pay dividend consistently and best is increasing dividend to hedge inflation.
ReplyDeleteCW888 know best. :)