Singapore: Headline CPI surprised to the downside in October – UOB – by pabspiovano Singapore Inflation Banks CPI
UOB Group’s Senior Economist Alvin Liew comments on the latest release of inflation figures in Singapore.“We expected inflation to slow in Oct but the pace of moderation took us by surprise. Headline CPI declined by 0.4% m/m NSA in Oct . That sequential pace of decrease translated into 6.7% y/y for headline CPI inflation in Oct , the lowest print in 5 months, matching Jun’s .”
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