Singapore inflation

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.

This is followed by retirement plans and investments.

Around 35% are reducing out-of-home dining/restaurants.

This projection excludes 2023 goods and services tax impact.

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

Real household spending is expected to grow by 2.28%.

Inflation offset salaries by 1.7% in real terms this year.

There are lower commodity prices seen in Brent crude.

This is an increase from 5.1% growth in August.