
Chart of the Day: Here's a preview of the sectors that will hike up prices in the coming months
Find out which sectors are a drag.
Singapore’s core inflation may see further upside risk into 2H14, especially on seasonal food prices increases and higher pass-through prices from the tight labor market.
OCBC’s Weekly Macro Views forecasts food, recreation, healthcare and education as the prime inflation drivers as housing and transport costs are expected to drag overall inflation in 2H14.
Services-concentrated industries, like food, recreation, healthcare and education explained more than 80% of the CPI growth, up from 52.2% in 2013.
According to OCBC, there are three key factors that may continue to limit future property price appreciation: regulatory restrictions, increased supplies and potentially higher global interest rates.
Car prices are much lower as well, with the number of cars deregistered in July as the highest in recent years, suggesting that COE supply may increase in November until January.