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Singapore CPI expected to climb 1.2% in 2017
Partly because of increased commodity prices.
Inflation has been on a rising trend since December, noted RHB Research, with the island’s consumer price index (CPI) rising 0.6% year-on-year over 2M17, compared to a 0.7% fall in the corresponding period last year.
The gains were broad-based, with transportation and domestically oriented services sectors such as healthcare and education leading the charge.
“Going forward, we forecast for CPI to climb 1.2% in 2017, from a 0.5% fall this year, underpinned by improving economic growth, a low base effect, higher water tariffs, and increased commodity prices,” said RHB.
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