SINGAPORE’S core inflation hit 4.4 per cent in June – up from 3.6 per cent in May, and the first time that it has breached the 4.0 per cent handle since end-2008. Meanwhile, headline inflation – which includes accommodation and private transport costs – surged to 6.7 per cent, from 5.6 per in May, according […]
Read MoreSINGAPORE – The highest income groups in Singapore saw the largest increase in consumer prices in the first half of 2022, compared to households from other income groups. Those whose household incomes were in the highest 20 per cent bracket experienced a 6 per cent year-on-year increase in consumer prices during the period, according to […]
Read MoreSINGAPORE, July 25 — The recent bank hikes on mortgage rates are unlikely to dampen demand for both public and private properties unless the rates edge past 3 per cent, several property analysts said. For now, this meant that property prices will continue to soar. They were commenting on the second quarter residential property transactions […]
Read MoreSINGAPORE’S core inflation hit 4.4 per cent in June – up from 3.6 per cent in May, and the first time that it has breached the 4.0 per cent handle since end-2008. Meanwhile, headline inflation – which includes accommodation and private transport costs – surged to 6.7 per cent, from 5.6 per in May, according […]
Read MoreSINGAPORE: Hotel room rates in Singapore surged last month to the highest in almost six years as tourism makes a dramatic recovery in the city-state after the government eased coronavirus measures. The average daily rate in June was S$238.32 (US$171 or 6,290 baht), the highest since September 2016, according to data from the Singapore Tourism […]
Read MoreProducer price index A handful of economic data are due this week including the producer price index (PPI), leading index and coincident index. Analysts expect the PPI to increase 11% in June from 11.2% in May. According to Trading Economics global macro models and analysts expectations, the producer price change is expected to be 12%, […]
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