Singaporean headline inflation likely to have accelerated slightly in October

Inflationary pressure in Singapore has continued to be subdued. Even if the consumer price inflation for October could accelerate a bit to 1 percent from 0.7 percent previously, it is still low compared to historical standards and against the backdrop of increased oil prices, noted DBS Bank in a research report.

Basically, demand pull inflationary pressure is lacking in the midst of a subdued outlook of the Singaporean economic growth. In all, the headline inflation might possibly dropped a bit below the expectation of 0.7 percent for the whole of 2018, added DBS Bank.