Chart of the Day: Check out how high analysts predict Singapore inflation can get in 2014

MAS forecasts a whopping 3%.

According to OCBC, as macro-prudential policies continued to work their way through the Singapore economy, this year saw the convergence between the CPI-All-Items inflation measure and the MAS core inflation rate, after narrowing in 2012.

Indeed, the official forecast for CPI-All-Items inflation is projected to be 2.5-3.0% in 2013 and 2-3% in 2014, while MAS core inflation is expected to rise from 1.5-2% in 2013 to 2-3% in 2014.

Here's more from OCBC:

Growth in private road transport cost as well as market rentals for both private and HDB properties have eased, leading to a fall in the CPI-All-Items inflation rate.

As foreign labour inflows slow and a large number of new housing completions come on-stream, residential property rental increases are likely to weaken further. However, rental demand for the more affordable HDB segment should stay relatively resilient.

Meanwhile the continued implementation of supply-side policies means that we are unlikely to see the same rate of asset price inflation that we saw in 2011 and 2012.

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