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Singapore inflation likely fell for a fourth consecutive month

Singapore will release February CPI inflation data on 23 March.Standard Chartered notes... We expect inflation to have declined 0.2% y/y, versus a 0.4% decrease in January. Inflation likely increased 0.2% m/m owing to th…

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Singapore will release February CPI inflation data on 23 March.

Standard Chartered notes...

  • We expect inflation to have declined 0.2% y/y, versus a 0.4% decrease in January. 

  • Inflation likely increased 0.2% m/m owing to the Lunar New Year holiday, which kept food inflation slightly higher than in previous months. 

  • The increase in gasoline duties near the end of February probably also limited transport deflation. However, housing inflation likely remained the main drag on inflation. 

  • We expect inflation to remain benign in H1-2015 before it rises gradually in H2.

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