Singapore's key consumer price gauge rose 5.5% in February, unchanged from January and lower than forecast, official data showed on Thursday, though while analysts said core inflation appeared to have peaked, prices remained at historic highs.
February's core inflation rate - which excludes private road transport and accommodation costs - compared with a forecast in a Reuters poll of economists for a 5.8% increase in February.
However, the inflation rate in February is still at the same level as in January, which was the fastest pace seen since November, 2008.It has also projected a core inflation rate of between 3.5% to 4.5% in 2023, with headline inflation coming in at between 5.5% and 6.5%. While analysts said inflation in February was below their forecasts, there were divisions over the implications for a monetary policy review MAS will conduct in April.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
End of Football Season Sees Michigan's February Sports Betting Handle Drop From January to FebruaryMichigan feels the effects of no NFL or college football as its sports betting handle drops by 27% from January's numbers.
Weiterlesen »
Singapore: NODX moderated the decline in February – UOBSenior Economist at UOB Group Alvin Liew reviews the latest performance of the non-oil domestic exports (NODX) in Singapore. Key Takeaways “Singapore’
Weiterlesen »
Canada: Annual CPI declines to 5.2% in February vs. 5.4% expectedAnnual inflation in Canada, as measured by the Consumer Price Index (CPI), declined to 5.2% in February from 5.9% in January, Statistics Canada report
Weiterlesen »
Swiss Watch Exports Increase 12.2 Percent in FebruarySwiss watch exports rose 12.2 percent in February, bolstered by business in all main geographic markets and each timepiece material, the Federation of the Swiss Watch Industry.
Weiterlesen »
Houston new vehicle sales declined in February after a strong start to 2023Fewer vehicles were sold in the Houston region in February than January. Prices declined...
Weiterlesen »
Home Prices Fell in February for First Time in 11 YearsU.S. existing-home prices fell from a year earlier in February for the first time in 11 years.
Weiterlesen »