Economists expect inflation to ease further in the months ahead. Read more at straitstimes.com.
SINGAPORE - Consumer prices in Singapore rose at a slower pace for a third consecutive month on the back of a smaller hike in food prices and a fall in the costs of electricity and gas, with economists expecting more easing in the months ahead.
On a month-on-month basis, which represents how much momentum there still is in prices, core consumer prices edged up 0.2 per cent in July, largely due to the rise in the cost of services and food. This rise is because the more expensive sugar, preserves, confectionery and fruits offset cheaper meat, fish, seafood, oils and fats, said Ms Selena Ling, OCBC Bank’s chief economist.
Electricity and gas inflation recorded the steepest decline in July, with their prices falling 1.6 per cent because of lower tariffs. They had risen 3.1 per cent in June. RHB Bank Singapore senior economist Barnabas Gan expects inflation momentum to ease further in the second half of the year, although there is the possibility of sticky prices in the third quarter.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The newly refurbished Pan Pacific Singapore features F&B and retail spaces celebrating Singapore cultureNew additions to the hotel include Plume, a destination bar serving cocktails inspired by Singapore’s native bird species, as well as Pacific Emporium, a dining and retail destination that highlights local culture and history.
Read more »
Singapore core inflation drops for third straight month to 3.8% in JulyJuly saw a smaller hike in food prices and a fall in the costs of electricity and gas. Read more at straitstimes.com.
Read more »
The Role Of Singapore's Elected President - Defining MomentsA look back at Singapore’s Elected Presidency. Why the idea was raised as a safeguard for the nation’s future, all the major milestones and the evolution of the role, over the last three decades.
Read more »
Singapore helping M’sian authorities to extract plane crash data from jet’s black boxSingapore’s Transport Safety Investigation Bureau (TSIB) is assisting Malaysian authorities in the investigation of an Aug 17...
Read more »
Singapore helping Malaysian authorities to extract plane crash data from jet’s black boxExperts from Singapore had successfully extracted the 'memory puck' from the plane's black box. Read more at straitstimes.com.
Read more »