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
    1.3624+0.0031+0.23%
    USDSGD=X
    1.5212+0.0006+0.04%
    EURSGD=X
    1.7807-0.0008-0.04%
    GBPSGD=X
    75.1260+0.209+0.28%
    SGDJPY=X
    5.6917-0.0107-0.19%
    SGDHKD=X
    2.9776+0.0023+0.08%
    SGDMYR=X
    9,742.9688-9.5352-0.10%
    SGDIDR=X
    4.9014-0.0129-0.26%
    SGDCNY=X
    1.0280-0.0019-0.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,323.80-3.30-0.25%
    GCZ16.CMX
    18.69-0.08-0.42%
    SIU16.CMX
    96.93+1.14+1.19%
    ^XAU
    2.070.000.00%
    HGU16.CMX
    47.08+0.10+0.21%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.18-0.06
    ^FVX
    1.57-0.07
    ^TNX
    2.22-0.08
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.125+0.001+0.81%
    N21.SI
    0.235-0.005-2.08%
    5ME.SI
    0.3550.0000.00%
    E5H.SI
    0.32+0.01+3.23%
    5OT.SI
    0.730.00-0.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.58+0.15+34.88%
    BJZ.SI
    0.525+0.055+11.70%
    BQD.SI
    0.475+0.040+9.20%
    IX2.SI
    0.184+0.013+7.60%
    R14.SI
    0.139+0.006+4.51%
    BRR.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.04-26.67%
    5TI.SI
    0.162-0.026-13.83%
    AWS.SI
    0.20-0.03-13.04%
    AWI.SI
    0.176-0.024-12.00%
    A04.SI
    0.155-0.020-11.43%
    5WD.SI