Chart of the Day: Here's how 'offsetting' price movements spurred inflation

CPI-All Items inflation rose 0.6% in June from 0.4% in May.

This chart from JP Morgan shows that the rise in the consumer price index (CPI) was pushed by offsetting price movements. As private road transport prices slipped 0.5% MoM due to lower Certificate of Entitlement (COE) premiums, accommodation costs remained stable after lower rents offset an increase in government housing charges.

CPI-All Items inflation and MAS core inflation went up 0.6% and 1.7% respectively in June from 0.4% and 1.5% in May mainly from higher food and services inflation.

Also read: Singapore prices climbed 0.6% in June

“The June core inflation print continues to affirm the broader trend of a contained rise in core inflation to between 1.7% and 2.0%oya through H2 2018, in line with the JP Morgan forecast and consistent with our expectation for no further monetary tightening at the October policy review,” JP Morgan economist Benjamin Shatil said.

He added that a gradual tightening of labour market conditions and the easing in the real estate market following the moderate rise in core price pressures may likely occur.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit