Expect higher food, services costs in 2015: MAS

Blame it on higher wages.

The Monetary Authority of Singapore today stated that the country’s Core Inflation is projected to stay above its historical average over the next few quarters, even as CPI-All Items inflation remains subdued.

MAS Core Inflation, which excludes private road transport and accommodation costs, averaged 2.2% y-o-y in July–August, similar to Q2 and up from 2.0% in Q1 2014. This relatively firm outcome was largely due to continued pass-through of higher wages and other business costs to the prices of consumer services.

The MAS noted that domestic food inflation could be impacted by higher prices of regional food supplies. At the same time, with the economy at full employment, wages should continue to increase and filter through to prices, in particular, of services items for which demand remains firm, such as healthcare and education.

On a year-ago basis, MAS Core Inflation is projected to pick up gradually into early next year, before easing in the second half of 2015. MAS Core Inflation is forecast to average 2–2.5% in 2014 and 2–3% in 2015.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia