Senior Economist at UOB Group Alvin Liew assesses the latest inflation figures in Singapore.
Singapore’s headline inflation rose by 5.1% y/y in May, easing from 5.9% y/y in Apr, coming off more than expected (UOB est 5.9% y/y, Bloomberg est 5.4%). That said, core inflation also eased but at a smaller magnitude, coming in at 4.7% y/y in May, from 5.0% y/y in Apr and exactly in line with UOB and Bloomberg median estimates.
Official inflation outlook unchanged: The Monetary Authority of Singapore (MAS) kept its inflation forecasts (that were first made in the 14 Oct 2022 MPS) unchanged in the May CPI report, as the Authority expects that in 2023, after taking into account all factors including the GST increase, core inflation will be at 3.5–4.5% on average over the year, and CPI-All Items inflation at 5.5–6.5%. Even after excluding the one-off effects of the GST increase early next year, core inflation would be at 2.5–3.5% and headline inflation at 4.5–5.5%. The MAS expects core Inflation “to moderate further in H2 2023” and again it did not give a year-end point forecast. (Previously, the MAS mentioned that “MAS Core Inflation is projected to reach around 2.5% y-o-y by the end of 2023”.) The MAS continued to cite both upside and downside risks to inflation.
© 2000-2026. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.