Singapore’s CPI Rose in September

The consumer price index of Singapore is anticipated to increase in the month of September which is at a similar rate in August last year because of the rise in oil prices, as stated from the Reuters poll.

The all-items consumer price index is presumed to rise by 0.4 percent in September and kept unchanged from August based on the median forecast of some economists in the poll. Even if the labor market has greatly progressed, there are still some concerns which mean that there is no immediate demand for side-price pressure as mentioned by the ANZ. Other than that, they also noted that the core inflation pressure should remain relatively calm.

The poll stated that the core inflation of Monetary Authority of Singapore’s (MAS) has the tendency to rise by 1.4 percent in September 2016 which was kept the same for the month of August.

The core inflation of the central bank does not include the prices of the automobiles and bookings which are even more swayed by government policies.

Overall, the Singapore’s headline and core CPI climbed higher at a slower pace than anticipated because of low accommodation costs as it declined by 3.9 percent since last year.