Published:
Singapore inflation rises but to remain "largely contained" till end-2013
Slight pick-up in July not worrisome.
According to BBVA, Singapore headline inflation edged up to 1.9% y/y in July from 1.8% y/y in June, below market expectations (2.1% y/y) as higher private road transport costs due to the introduction of an emissions-related surcharge drove the increase.
"We expect inflationary pressure in Singapore to remain largely contained through the remainder of this year, which should enable the MAS to maintain a supportive monetary stance at its next policy meeting in October," reckoned BBVA.
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