Here's what you need to know about Singapore's 4% Sinflation

Singapore dollar snubbed this news.

According to BBVA Research, sharply lower housing and transportation costs resulted in Singapore’s October inflation coming in below expectations (4.0% y/y, consensus: 4.5% y/y) after registering 4.7% y/y in September.

Here's more from BBVA Research:

The Singapore dollar largely ignored the news, ending the day broadly flat (+0.03%) at 1.225/USD. Today Singapore’s authorities also reaffirmed that inflation is expected to average around 4.5% in 2012 and between 3.5%-4.5% in 2013 (BBVA: 4.4% y/y and 3.4% y/y, respectively).

We believe inflation will grind lower for Singapore in the coming months largely due to high base effects as well as due to Singapore’s ongoing tight monetary policy – at its semi-annual policy meeting in October the Monetary Authority of Singapore decided to keep its appreciation trend in the Singapore dollar despite a slowing economy, in order to help stifle inflation.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3663-0.0028-0.20%
    USDSGD=X
    1.5138-0.005-0.33%
    EURSGD=X
    2.1269-0.0034-0.16%
    GBPSGD=X
    90.3389+0.3089+0.34%
    SGDJPY=X
    5.6734+0.0119+0.21%
    SGDHKD=X
    2.7946+0.0045+0.16%
    SGDMYR=X
    9,851.0605+5.9023+0.06%
    SGDIDR=X
    4.5451+0.0081+0.18%
    SGDCNY=X
    0.9973+0.0023+0.23%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,093.80-2.80-0.26%
    GCV15.CMX
    14.61-0.04-0.27%
    SIZ15.CMX
    46.66-1.86-3.83%
    ^XAU
    2.370.00+0.02%
    HGG16.CMX
    47.49-0.36-0.75%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.57-0.05
    ^FVX
    2.23-0.04
    ^TNX
    2.95-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.35-0.01-2.78%
    E5H.SI
    0.310.000.00%
    5WA.SI
    0.61-0.01-1.61%
    N21.SI
    1.285-0.030-2.28%
    BS6.SI
    2.48-0.01-0.40%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.19+0.02+11.11%
    F9M.SI
    0.375+0.035+10.29%
    K1Q.SI
    0.82+0.06+7.19%
    RQ1.SI
    0.295+0.005+1.72%
    5OC.SI
    0.25+0.01+4.17%
    C50.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.45-0.05-10.00%
    E02.SI
    0.305-0.025-7.58%
    S29.SI
    0.925-0.075-7.50%
    M01.SI
    0.32-0.02-5.88%
    Y35.SI
    0.81-0.05-5.26%
    AVZ.SI