, Singapore

Singapore inflation pegged to dip to 3.6%

Thanks to sharp plunge in transport cost.

According to DBS, it’ll be an interesting week for Singapore with the industrial production index and inflation figure for March due this week. 

The former will provide a hint of the growth performance in the first quarter as well as the outlook ahead while the latter will reflect the impact of the recent car financing curbs on the CPI inflation.

Here's more from DBS:

Inflation is up first and a reading of 3.6% YoY is expected, down from 4.9% in the previous month. The main driver is an anticipated sharp drop in transport cost, led by the recent correction in COE premium.

Though hikes in the import tax for cars will lift car prices, the effect from the falling COE premiums will likely override that.

The net impact is probably an easing in inflation but the risk of a deeper drop remains. Note that private transport cost accounts for 11.66% of the entire CPI basket.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.