Singapore’s key consumer prices rose 5.5% in January, faster than the preceding month but slightly below forecast, official data shows. A Reuters poll of economists had forecast a 5.6% increase in January.
The core inflation rate is higher than the 5.3% seen in September last year.
The increment was driven by higher prices of services, food, retail, and other goods, along with an increase in sales tax that came into effect in January, according to the Monetary Authority of Singapore (MAS).
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