Singapore runs deflation in four consecutive months
Singapore saw deflation for the fourth consecutive month in February,
with the consumer price index (CPI) dropping further by 0.3 percent
year-on-year, according to its Department of Statistics.
Singapore saw deflation for the fourth consecutive month in February,
with the consumer price index (CPI) dropping further by 0.3 percent
year-on-year, according to its Department of Statistics.
During the month, food and service prices rose by 2.5 percent and 1.5 percent, respectively, as a result of the seasonal pickup in demand during the Lunar New Year festival.
Accommodation cost, by contrast, declined by 2.1 percent, reflecting the soft housing rental market.
The retreat was partly attributable to a fall in private road transport cost, which was 5.8 percent lower.
The core inflation, which excludes changes in the price of private road transport and accommodation, edged up 1.3 percent, compared to 1 percent in January.
In another move, the stock market ended little changed following news of founding Prime Minister Lee Kuan Yee’s death, with analysts saying the lack of reaction reflected the strength of the late leader’s legacy and the firmly-built financial market.-VNA
During the month, food and service prices rose by 2.5 percent and 1.5 percent, respectively, as a result of the seasonal pickup in demand during the Lunar New Year festival.
Accommodation cost, by contrast, declined by 2.1 percent, reflecting the soft housing rental market.
The retreat was partly attributable to a fall in private road transport cost, which was 5.8 percent lower.
The core inflation, which excludes changes in the price of private road transport and accommodation, edged up 1.3 percent, compared to 1 percent in January.
In another move, the stock market ended little changed following news of founding Prime Minister Lee Kuan Yee’s death, with analysts saying the lack of reaction reflected the strength of the late leader’s legacy and the firmly-built financial market.-VNA
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
World
Thailand gives financial support to Laos for road maintenance
The Thai cabinet has approved 1.8 billion THB (about 48.8 million USD) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in central Quang Binh province.
World
Indonesia develops sustainable tourism
Indonesia has been working to realise its goal of building a quality, sustainable and environmentally friendly tourism industry.
World
Vietnam to have many opportunities from digitalisation, green transformation: IMF
The International Monetary Fund (IMF) has forecasted that Vietnam will have many opportunities from digitalisation and green transformation, according to IMF Asia and Pacific Department Director Krishna Srinivasan.
World
Thailand’s EV sales forecast to miss target
Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.
World
Thailand, EU hope to sign FTA in mid-2025
Before the Songkran holiday, senior officials from Thailand and the European Union (EU) met in Bangkok to discuss ways to promote their relationship, including the framework of the Free Trade Agreement (FTA), green transformation, and Schengen visa waiver, Thai media has reported.
