Singapore CPI Inflation 3.7% y-o-y (consensus 3.5%) in Dec-23
- Singapore's CPI inflation in December 2023 exceeded expectations, reaching 3.7% year-on-year, reflecting a renewed rise in consumer prices.
- Despite the increase, the inflation rate remains below the one-year average, implying a sustained moderation of inflationary pressures in Singapore.
Singapore CPI Inflation 3.6% y-o-y (consensus 3.8%) in Nov-23
- Singapore's CPI inflation for November 2023 grew by 3.6% year-on-year, slightly below market consensus expectations of 3.8%, indicating a moderation in price growth.
- The current inflation rate is 1.46 percentage points lower than the average rate over the past year and 0.83 percentage points below the long-run average, suggesting an improving level of price stability in the Singaporean economy.
Singapore CPI Inflation 4.7% y-o-y (consensus 4.5%) in Oct-23
- Singapore's CPI inflation in October 2023 exceeded market expectations, reaching 4.7% year-on-year, which is the highest growth rate since May 2023.
- The inflation rate is 0.62 percentage points below the one-year average, but the surprisingly steep rise is concerning.
Singapore GDP Growth 1.1% y-o-y (consensus 0.7%) in Q3-23
- Singapore's Q3-23 GDP growth exceeded expectations, recording a year-on-year increase of 1.1% and marking the highest growth rate since Q4-22.
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