{"id":20328,"date":"2018-02-26T17:33:28","date_gmt":"2018-02-26T09:33:28","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?p=20328"},"modified":"2018-08-17T17:43:06","modified_gmt":"2018-08-17T09:43:06","slug":"drop-in-singapores-headline-inflation-rate","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/regulatory-and-business\/drop-in-singapores-headline-inflation-rate\/","title":{"rendered":"Drop in Singapore’s Headline Inflation Rate"},"content":{"rendered":"

Drop in Singapore’s Headline Inflation Rate<\/h2>\n

 <\/p>\n

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\"Drop<\/a> The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) recently revealed that Singapore’s headline inflation rate fell to 0 per cent in January this year from 0.4 per cent in December.<\/p>\n

According to a statement, the Consumer Price Index (CPI)’s year-on-year drop to 0 per cent in January was largely due to lower accommodation and private road transport inflation.<\/p>\n

When Service and Conservancy Charges (S&CC) rebates were disbursed to HDB households in January 2018, the cost of accommodation fell by 5.3 per cent, compared to the 3.8 per cent decline registered in the preceding month.<\/p>\n

This was not the case in the same month last year.<\/p>\n

Due to lower car prices and a decline in Certificate of Entitlement (COE) premiums, private road transport inflation moderated to 1.6 per cent in January from 2.6 per cent in the previous month.<\/p>\n

However, according to MAS and MTI,  core inflation, which excludes the costs of accommodation and private road transport, nudged up to 1.4 per cent from 1.3 per cent the previous month. <\/p>\n

“This was due to higher retail inflation more than offsetting a decline in food inflation, said MAS and MTI,” read the statement.<\/p>\n

Food inflation fell to 1.1 per cent in January from 1.4 per cent in December, largely on account of a moderation in the price increases for non-cooked food items. <\/p>\n

The cost of prepared meals also rose at a slightly slower pace compared to the previous month.<\/p>\n

A smaller decline in the cost of public road transport, together with larger increases in education and recreational and cultural services<\/a> fees, offset a fall in telecommunications services fees and a steeper drop in air fares.<\/p>\n

“Services inflation was 1.3 per cent in January, unchanged from the previous month,” added the two agencies.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Drop in Singapore’s Headline Inflation Rate   The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) recently revealed that Singapore’s headline inflation rate fell to 0 per cent in January this year from 0.4 per cent in December. According to a statement, the Consumer Price Index (CPI)’s year-on-year drop to…<\/p>\n","protected":false},"author":57,"featured_media":20329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-20328","post","type-post","status-publish","format-standard","has-post-thumbnail","category-regulatory-and-business","category-68","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/20328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=20328"}],"version-history":[{"count":0,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/20328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/20329"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=20328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=20328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=20328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}