Singapore inflation

The industry was improved by the rise of AI.

Analysts have already observed price stickiness in July. 

An average Singaporean spends $211 monthly on groceries.

Meanwhile, core inflation went down 3.8% YoY in July 2023.

In June, headline inflation dropped to 4.5%.

MTI attributed the moderation to lower food and services inflation.

MTI attributed the moderation to lower private transportation inflation.

Inflation is the biggest financial concern of Singaporeans.

Inflation is expected to remain high at 4.6% in Singapore.

The rate of price increase in all sectors slowed down except for electricity and gas. 

MTI attributed the moderation to lower private transportation inflation.

DBS expects full-year headline inflation to hit 5.8%.

It came in higher due to the increase in services inflation, amongst others.

A Reuters report showed that Singapore and ASEAN nations are affected.

RHB and UOB said this is a precautionary measure if core inflation accelerates.

It came in lower due to the moderation in private transport inflation.