singapore\s cpi inflation slightly higher at 18 in june
Last Updated : GMT 01:26:51
Arab Today, arab today
Arab Today, arab today

Singapore\'s CPI inflation slightly higher at 1.8% in June

Arab Today, arab today

Arab Today, arab today Singapore\'s CPI inflation slightly higher at 1.8% in June

Singapore - XINHUA

Singapore\'s headline inflation registered slightly higher to 1.8 percent in June from a year-on- year rise of 1.6 percent in May, mainly due to petrol pump prices which increased with the recent pick-up in global oil prices, the city-state\'s central bank and Ministry of Trade and Industry jointly said on Tuesday. Singapore\'s headline inflation registered a three-year low of 1. 5 percent in April. The Monetary Authority of Singapore (MAS), the central bank, said the rising petrol pump prices were the main drive of the CPI inflation in June, which increased after three consecutive months of price correction. However, the electricity tariffs remained 7.2 percent lower on year. Overall, the price of oil-related items fell by 1.0 percent in June, compared to a larger decline of 4.4 percent in May, the MAS said. The rise of some services costs is another main drive of June\'s inflation. Service inflation was at 2.7 percent in June, higher than the 2.5 percent in May. The central bank said it was mainly due to \"costlier medical insurance and holiday travel\". Private road transport cost, one of the usual main drive of the inflation, fell by a more moderate 2.1 percent in June, compared with the 3.7 percent decline in May. The MAS said \" this reflected the smaller drop in Certificate of Entitlement (COE) premiums in May on a y-o-y basis, as the market continued to adjust to the various motor vehicle-related policy measures introduced since February.\" Singapore government recently announced a set of measures related to the car ownership, following surging COE premiums over the past several years. The accommodation cost inflation was 4.8 percent in June, down from 5.1 percent in May, while the food inflation was stable at 2. 0 percent. The core inflation monitored by the MAS, which excludes the costs of accommodation and private road transport, stood stable at 1.7 percent in June, \"as the pickup in services inflation was offset by lower contributions from prices of retail related items such as clothing and footwear.\" The central bank said that it expects imported inflation to most likely remain subdued this year, given ample supply buffers in the commodity markets and excess capacity in the global economy. However, domestic cost pressures are expected to persist amid a tight labour market, and cost pass-through to prices of consumer services could also pick up slightly. The core inflation is expected to rise moderately in the second half and average 1.5 percent to 2.5 percent this year. Considering \"the sharper-than-expected decline in car prices\", the central bank revised the full-year headline inflation to average 2-3 percent from 3-4 percent previously.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

singapore\s cpi inflation slightly higher at 18 in june singapore\s cpi inflation slightly higher at 18 in june

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

singapore\s cpi inflation slightly higher at 18 in june singapore\s cpi inflation slightly higher at 18 in june

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Banyan Tree Phuket Takes Festive Season

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Top Democrat faces investigation

GMT 09:50 2017 Friday ,17 November

Top Democrat faces investigation
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Angola oil boss sacked by father's protege

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Urban, young and active?

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today Unloved vultures fight for their survival

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 09:23 2017 Wednesday ,15 November

Years melt away as Bening & Bell play unlikely lovers

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 13:40 2017 Monday ,13 November

Pollution spikes in Delhi amid warnings

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 10:55 2017 Thursday ,16 November

UN warns fuel running out

GMT 01:04 2017 Wednesday ,15 November

In Morocco, a blue tourist town

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday