World

Forecasters revise up Singapore’s inflation

Professional forecasters have upped their prediction of inflation in Singapore in 2022 and 2023 amid spiraling prices in the past three months, re-opening of domestic services and loosened COVID-19 restrictions.
Forecasters revise up Singapore’s inflation ảnh 1Illustrative image (Photo: Xinhua)

Singapore (VNA) – Professional forecasters have uppedtheir prediction of inflation in Singapore in 2022 and 2023 amid spiraling pricesin the past three months, re-opening of domestic services and loosened COVID-19restrictions.

According to the quarterly survey published by the Monetary Authority of Singapore (MAS), 21 economists andanalysts said CPI-All Items inflation is most likely to come in between 6.0%and 6.4% for 2022, higher than the 5.5%-5.9% range in the previous survey.

Meanwhile, core inflation, exclusive ofaccommodation and dining costs, was forecast to rise to 4-4.4% from 3.5-3.9%.

For 2023, the CPI-All Items inflation is estimated at 5.2%, much higherthan 3.5% while core inflation is predicted at 4% compared to 3.1% in theSeptember survey./.

VNA
#Monetary Authority of Singapore #MAS #Vietnamplus #Vietnam News Agency #CPI-All Items inflation #core inflation Singapore
Follow VietnamPlus

Related News

Singapore aims to be a global crypto hub

Singapore aims to be a global crypto hub

Singapore wants to be a global crypto hub, but not be a centre for trading and speculating on cryptocurrencies, Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), has said.
Singapore's retail sector maintains growth in October

Singapore's retail sector maintains growth in October

Singapore’s retail sales grew by 10.4% year on year in October, lower than the 11.3% increase recorded in the previous month, according to data released by the country’s Department of Statistics on December 6.

See more

Vietnam-China economic and trade ties are expected to rise to a new level. (Illustrative photo: VNA)

Vietnam-China trade poised for new heights

Bilateral business relations have witnessed remarkable progress, especially in recent years, with Vietnam introducing key national strategies such as the National Green Growth Strategy for 2021-2030, vision towards 2050; the National Strategy on R&D and Application of Artificial Intelligence; and the National Strategy for 4th Industrial Revolution.

Singaporean Prime Minister Lawrence Wong (Photo: Reuters)

Singapore dissolves parliament ahead of general election

According to a government statement, 97 parliamentary seats will be contested in this election - four more than in the previous term. Nomination Day has been set for April 23, with the official polling date expected to be announced later today.

Malaysian Minister of Investment, Trade and Industry Tengku Zafrul Aziz (Photo:businesstimes.com.sg

Malaysia takes measures to soften US levy impact

Among the steps announced are the enforcement of anti-dumping duties, countervailing taxes and safeguard measures to shield domestic industries from redirected exports stemming from global trade tensions.

At the welcome ceremony for Indonesian President Prabowo Subianto (L). (Photo: Xinhua)

Indonesia, Jordan sign MoUs, defence pact

Indonesian President Prabowo Subianto and King of Jordan Abdullah II witnessed the signing of three cooperation memoranda of understanding (MoUs) across agriculture, education and religious affairs and one defence cooperation pact in Amman on April 14.

Illustrative photo (Photo: AFP/VNA)

Indonesia seeks new markets for palm oil

Indonesia is the world's biggest producer of the edible oil used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap and shampoo, accounting for more than half of the global supply.

Thai police seize a large amount of SIM cards from suspected scam gangs in October 2024 . (Photo: Bangkok Post)

Thailand enacts new law to combat fraud

Financial institutions, telecom operators and social media platform owners that fail to follow anti-scam measures are liable to a fine of up to 500,000 THB (14,900 USD). Any individual who is responsible for the failure is liable to a jail term of up to one year and/or a fine of 100,000 THB.