{"id":111848,"date":"2019-10-24T09:48:14","date_gmt":"2019-10-24T02:48:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-core-inflation-gauge-rises-by-0-7-percent-in-september\/"},"modified":"2019-10-24T10:04:33","modified_gmt":"2019-10-24T03:04:33","slug":"singapores-core-inflation-gauge-rises-by-0-7-percent-in-september","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-core-inflation-gauge-rises-by-0-7-percent-in-september\/","title":{"rendered":"Singapore\u2019s core inflation gauge rises by 0.7 percent in September"},"content":{"rendered":"


\nHowever, overall inflation grew by 0.5 percent from September last year, the same from last month. The cost of Retail goods, electricity and gas, and accommodation decline year-on-year.
\nSingapore\u2019s core inflation gauge reached a more than three-year low in September as it rose 0.7 percent, a figure slightly less than the previous month, reported Thomson Reuters.
\nCore inflation does not include changes in the price of accommodation and private road transport.
\nThe country\u2019s headline consumer price index or overall inflation, however, grew 0.5 percent from September last year, remaining the same from the month earlier.
\nAccording to a joint news release of the Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS), this was brought about by a drop in accommodation costs, while core and private road transportation slowed down.
\nThe cost of retail goods dropped by 0.8 percent year-on-year (YoY) in September, moderating from the 1.5 percent decline in August. It primarily reflected smaller drops in the prices of footwear items and clothing, telecommunications equipment and medical products.
\nFood inflation reached 1.6 percent YoY in September, unmoving from the preceding month, due to a slower increase in the cost of non-cooked food offset a marginally better pace of increase in prepared meals\u2019 prices.
\nElectricity and gas costs dropped 8.3 percent YoY in September, in contrast to the 7.8 percent decrease in August, mostly because of the dampening effect of the launch of the Open Electricity Market (OEM) covering electricity prices, noted the news release.
\nPrivate road transportation inflation was 0.5 percent YoY in September, smaller than the 0.6 percent mark in August. This was due to a smaller increase in Electronic Road Pricing (ERP) charges and a larger drop in petro prices.
\nServices inflation reached 1.4 percent YoY in September, compared to 1.7 percent in August. The current figure was caused by a drop in telecommunications service fees and airfares.
\nAccommodation costs dropped by 0.5 percent YoY in September, as compared to the 0.7 percent drop in August, with housing rentals declining gradually.
\nThe country\u2019s core inflation is seen to come in at the lower spectrum of the one to two percent range in 2019, and average from 0.5 percent to 1.5 percent in 2020.
\nOverall inflation is expected to be about 0.5 percent this year and average from 0.5 percent to 1.5 percent in 2020.
\nRead our handy\u00a0HDB Buying Guides\u00a0or find a\u00a0home on PropertyGuru.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore\u2019s core inflation gauge rises by 0.7 percent in September<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

However, overall inflation grew by 0.5 percent from September last year, the same from last...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111848","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-t60","jetpack-related-posts":[{"id":108416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-core-inflation-unchanged-at-1-3-in-may\/","url_meta":{"origin":111848,"position":0},"title":"Singapore\u2019s core inflation unchanged at 1.3% in May","date":"June 25, 2019","format":false,"excerpt":"\r Singapore\u2019s core inflation rate in May remained unchanged from the previous month at 1.3 percent, as higher food and retail inflation offset a steeper drop in the cost of electricity and gas, according to the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). 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