The inscriptions for the monetary administration of Singapore were shown outside the headquarters of the Central Bank in Singapore, October 2, 2019.
Ore Huiying | Bloomberg | Getty Images
Singaporean Consumer Price Index rose 0.9% in the year in FebruaryMarking its strongest growth in four years, the Ministry of Statistics announced in a statement on Monday.
The character was in line with the expectations of economists surveyed by Reuters and lower than January of 1.2%.
The basic inflation, which allocates the prices of accommodation and private transportation, exits 0.6%, which is lower than 0.8% recorded in January and 0.7% by the Reuters survey.
Inflation in Singapore was mostly upward trend, which led the monetary authority in the country Release your monetary policy For the first time since 2020, in January, citing faster than the expected fall in inflation and warning about growth slowdown.
The monetary administration of Singapore predicts the main line inflation at an average of 1.5% -2.5% in 2025, compared to 2.4% in 2024.
The MAS also reduced its forecasts for the basic inflation rate in January – which removes accommodation prices and private transportation – to an average of 1% -2% in 2025, lower than 1.5% -2.5% projected in its October 2024 edition of monetary policy.
It is predicted that the GDP growth of Singapore will grow to 1% -3% compared to 2025, more slower than 4.4% recorded in 2024.
