StockTalk (4.26): Singapore's Inflation Falls in March - What It Means for the Economy?
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StockTalk (4.26): Singapore's Inflation Falls in March - What It Means for the Economy?
Singapore's inflation rates have decreased in March, with both headline inflation and core inflation dropping. Headline inflation fell to 5.5% YoY from 6.3% in February, which was in line with economists' expectations. Core inflation excluding accommodation and private transport also decreased to 5%, slightly lower than the forecasted 5.1%. This decline was led by lower inflation for services, food, retail, and other goods.
The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) recently changed their outlook on inflation, highlighting downside risks and revising their projections. Although MAS core inflation is still expected to remain elevated in the next few months, a more marked slowdown is anticipated in H2.This development has implications for the wider economy, suggesting that policymakers may need to adjust their strategies to support growth. However, it could also indicate positive trends in the long term, as a moderated inflation rate will provide greater stability in pricing and encourage investment. As such, investors and individuals should keep a close eye on Singapore's economic performance in the coming months.
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102684281 : inflation falls.. ?? .. price just got increase to 30 over percent ..
Milk The Cow : My 8 points
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Dons hobby : Information is always what everyone needs to make an informed decision
Flying Dolphins : Inflation falling just by a bit to 5.5% is just a minor drop from previous. It’s too early to be too happy with this drop as considering a year ago in March 2022 inflation was only 2.9%. It’s still a long way to go before the market starts to cool off as everyone annual increment is still feeling the heat from inflation at this point.
Demascus : It's still too early to tell. Various economic indicators are sending mixed signals.
GodSpeed289 : The joint statement from MTI and MAS sum it all. Quoted:-
"Upside risks remain, including from fresh shocks to global commodity prices and more persistent-than-expected tightness in the domestic labour market. At the same time, there are also downside risks such as a sharper-than-projected downturn in the advanced economies which could induce a general easing of inflationary pressures."
All in all, the economy outlook is confirmed to be gloomy.
quekky : When inflation goes up, food and spending also go up, but pay never go up that much
Moogoorooloo : The benefits from a lower inflation rate may be negated by the anticipation of recession, or the actual recession itself if it materialises.
Ravi_Sharma : All items price in the market has been increase. look at house rental going up like mad. So no idea what fall means ?
I M POSSIBLE : they are living in the iviry tower. prices have been increasing like no tomorrow. yesterday just announced public transportation going to increade price again. shit
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