Singapore will release February CPI inflation data on 23 March.
Standard Chartered notes its forecasts as
follows:
- We forecast inflation at -0.2% y/y, versus -0.4% in January. On a m/m basis, inflation was likely positive at 0.2% owing to the Lunar New Year holiday, which kept food inflation slightly higher than in previous months.
- The increase in petrol duties near the end of February probably also limited deflation in transport costs. Housing inflation likely remained the main drag.
- We expect inflation to remain benign in H1-2015 before rising gradually in H2.
