Singapore Inflation

[hyenergix]

Cost of living in Singapore up 5.7% year-on-year
Published on Sep 24, 2011
By Lee Su Shyan
http://www.straitstimes.com/Breaking...ry_715857.html

Inflation in August jumped more than expected, rising 5.7 per cent compared with a year ago, the Department of Statistics said on Friday.

This was faster than a 5.15 per cent forecast by economists polled by Reuters. Compared with July, inflation inched higher, at 0.7 per cent.

Higher costs of accommodation, private road transport and food were responsible for the year-on-year increase. Accommodation costs reflect a higher imputed rental for owner-occupied homes and does not affect the expenditure of the households. Private road transport costs rose due to the increase in COE premiums.

Clothing and footwear and communication costs were the only two categories that registered year-on-year falls. Excluding accommodation, inflation was 4.4 per cent.


Singapore inflation rate expected to remain high: MAS
Published on Sep 3, 2011
By Aaron Low
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_708755.html


Singapore's inflation rate will remain high in the next few months even though the global economy is expected to slow, said the Monetary Authority of Singapore (MAS) on Friday.

In a quarterly report that looks at the Republic's economic performance for the last quarter, the MAS said that inflation here will stay above 5 per cent for now.

'Inflation is expected to remain elevated at slightly over 5 per cent in the next few months, on account of continued strong increases in accommodation costs, before slowly trending down towards the end of the year,' said MAS.

The high costs of buying cars will also add to the upward pressure on the consumer price index, a basket of commonly used goods and services used to measure inflation, said MAS.
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But it is maintaining its inflation forecast of 4 per cent to 5 per cent for the full year.

Core inflation, which excludes accommodation and private road transport costs, is likely to be between 2 per cent to 3 per cent this year, it said.

[DC33_2008]

With the rebound of the stronger US$, inflation will move up. For one, electrical rates will go up as a barrel of oil will be more expensive for Singapore.

Cost of living in Singapore up 5.7% year-on-year
Published on Sep 24, 2011
By Lee Su Shyan
http://www.straitstimes.com/Breaking...ry_715857.html

Inflation in August jumped more than expected, rising 5.7 per cent compared with a year ago, the Department of Statistics said on Friday.

This was faster than a 5.15 per cent forecast by economists polled by Reuters. Compared with July, inflation inched higher, at 0.7 per cent.

Higher costs of accommodation, private road transport and food were responsible for the year-on-year increase. Accommodation costs reflect a higher imputed rental for owner-occupied homes and does not affect the expenditure of the households. Private road transport costs rose due to the increase in COE premiums.

Clothing and footwear and communication costs were the only two categories that registered year-on-year falls. Excluding accommodation, inflation was 4.4 per cent.


Singapore inflation rate expected to remain high: MAS
Published on Sep 3, 2011
By Aaron Low
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_708755.html


Singapore's inflation rate will remain high in the next few months even though the global economy is expected to slow, said the Monetary Authority of Singapore (MAS) on Friday.

In a quarterly report that looks at the Republic's economic performance for the last quarter, the MAS said that inflation here will stay above 5 per cent for now.

'Inflation is expected to remain elevated at slightly over 5 per cent in the next few months, on account of continued strong increases in accommodation costs, before slowly trending down towards the end of the year,' said MAS.

The high costs of buying cars will also add to the upward pressure on the consumer price index, a basket of commonly used goods and services used to measure inflation, said MAS.
var subrenderfile="/Subscription/Breaking+News/Singapore/Story/STIStory_708755.html";
But it is maintaining its inflation forecast of 4 per cent to 5 per cent for the full year.

Core inflation, which excludes accommodation and private road transport costs, is likely to be between 2 per cent to 3 per cent this year, it said.

[azeoprop]

Public toilets long long time ago was 10cents per entry....now is still 10cents per entry and many more are free. Where got inflation?

[DC33_2008]

That is why cleaner salary has not gone up but come down due to the competition in bidding for such project. I pity my cleaners at my office. Cannot even take leave.

Public toilets long long time ago was 10cents per entry....now is still 10cents per entry and many more are free. Where got inflation?

[land118]

Think MAS will intervene soon and prop up the SGD towards 1.20 level

[howgozit]

Think MAS will intervene soon and prop up the SGD towards 1.20 level

Methinks MAS will do nothing.

[irisng]

Public toilets long long time ago was 10cents per entry....now is still 10cents per entry and many more are free. Where got inflation?

I thought it has already increased to 20cts long ago. Most of the public toilets that I went charged 20cts leh. Recently I went to People's Park Centre, also 20cts. Malaysia's public toilet charged only M$0.20 which after the conversion, it is less than S$0.10.

I wonder how the inflation comes about? A increases 1%. B increases 3%, C increases 5% and D increases 10%, so finally it is the consumers who suffers.

[DC33_2008]

With $ moving out of Asia, not easy for MAS to control it. Can start to sell US$ now.