Housing prices grew a tad 4.4%

It's the lowest since November 2010.

According to CIMB, headline inflation rose a gentler 3.6% in Jan (4.3 % in Dec), matching Nov 12’s 27-month low and exceeding consensus and expectations of +4.0% yoy.

Mom SA, prices dipped 0.3 % (+1.2%in Dec). The subtler inflation was predominantly the result of lower core and housing inflation.

Housing rose 4.4% yoy, the lowest since Nov 10’s +4.0% on base effects.

Here's more from CIMB:

Due to a shift in Lunar New Year festivities this year, from Jan 12 to Feb 13, food CPI moderated to 1.0% in Jan from 1.5% in Dec, the lowest since Mar 10’s +0.9% yoy.

But costlier cars on higher COE premiums bumped up private road transport by 10.5% yoy in Jan 13 vs. Dec 12’s +9.3, and overall transport costs to a 4-month high of 8.5% yoy.

And due mainly to a high-year ago base when it jumped 3.5% yoy in Jan 12 from 2.6% in Dec 11, the MAS’s coreCPI moderated to 1.2% yoy, the lowest since Mar 10 on a combination of “cheaper” food, communications and healthcare.

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