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Motoring costs could end cycle of falling prices
Minus these costs, core inflation is stable. But economists expect headline inflation to turn positive in Q4, and MAS policy to stay unchanged
Add BT as a preferred sourcePublished Fri, Sep 23, 2016 · 09:50 PM
Singapore
MOTORING-RELATED price changes such as higher car park fees are expected to drive up inflation in Singapore later this year, thus breaking the current cycle of falling prices which has lasted nearly two years.
But core inflation - that which strips away the cost of private road transport and accommodation - has stayed in positive territory, leading economists to predict that Singapore's central bank will not make changes to its monetary policy next month.
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