Singapore Inflation likely fell for a fourth consecutive month
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…
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.
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