Ltd. (AAMPL) on 28 July 2020, for serious breaches of MAS’ Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) requirements. This service is not intended for persons residing in the EU. This was due to a larger increase in the prices of non‐cooked food items.Services costs fell at a more gradual pace in May at -0.8 per cent compared to April's -1.1 per cent, as holiday expenses and air fares continued declining.MTI and MAS expect inflation to remain subdued, with both MAS Core Inflation and CPI‐All Items inflation forecast to average between ‐1 per cent and 0 per cent in 2020.The agencies say external sources of inflation are "likely to remain benign" amid weak global demand conditions, with oil prices continuing to stay low for an extended period. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. Annabeth Leow firstname.lastname@example.org @AnnabethLeowBT. Similarly, CPI‐All Items inflation dipped to 0% y‐o‐y in March, from 0.3% in theprevious month.
Consumer Price Developments in March 2020 Consumer Price Developments in March 2020 Summary. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners SINGAPORE: Singapore's core inflation dropped 0.2 per cent year-on-year in May, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in a joint news release on Tuesday (Jun 23).The drop in May, although less steep than the negative 0.3 per cent in April, is the fourth straight month core inflation has contracted.Core inflation - a key policy consideration for the Monetary Authority of Singapore (MAS) - excludes the price of private transport and accommodation.The headline consumer price index or overall inflation fell 0.8 per cent year-on-year, down from the 0.7 per cent decline in April - which saw a negative reading for headline inflation for the This was mainly driven by a larger decline in private transport costs, at a negative 6.8 per cent in May.This is in turn attributed to a larger fall in car and petrol prices, as well as the continued suspension of Electronic Road Pricing (ERP) charges lowering private transport costs.The costs of retail and other goods fell sharply, plunging 2.3 per cent in May, compared to 1.6 per cent in April. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. The economic uncertainty from the outbreak is also likely to discourage firms from passing on any cost increases to consumers.MTI and MAS said that Singapore would have inflationary pressures remain subdued in the near term, and they would closely monitor price trends and assess the impact of the COVID-19 outbreak on inflation.MAS will release the MAS core Inflation and CPI-All Items inflation forecast ranges in its upcoming Monetary Policy Statement, they added.
This was largely due to a steeper decline in the cost of services. Inflation in personal care products also turned negative.Accommodation inflation was unchanged at 0.5 per cent as housing rents rose at a steady pace.The decline in the cost of electricity and gas eased from -5.2 per cent in April to -4.6 per cent in May, as the Open Electricity Market had a smaller dampening effect on electricity prices due to a slowdown in new take‐up rates.Food inflation rose 2.2 per cent in May, up from 2.1 per cent in April. Consumer prices still falling in May . MAS Core Inflation fell to ‐0.2% on a year‐on‐year (y‐o‐y) basis in March, from‐0.1% in February.
Consumer Price Developments in April 2020 Summary . This will in turn weigh on the prices of energy‐related components.At the same time, international measures to contain the COVID‐19 outbreak have led to supply chain disruptions, which could continue to put some upward pressure on imported food prices, they said.In Singapore, consumer demand will be dampened by subdued economic sentiment and weak labour market conditions, resulting in price increases for discretionary goods and services being capped.Cost pressures are likely to remain low as some degree of spare capacity in the economy emerges.It looks like the email address you entered is not valid.Copyright© Mediacorp 2020. Fri, Jan 24, 2020 - 5:50 AM. In addition, the implementation of safe distancing measures and fall in tourist arrivals have dampened consumer demand, and will cap any price increases for discretionary goods and services.Meanwhile, the city-state's labour market conditions will continue to soften and dampen wage growth this year. Source: Xinhua| 2020-03-23 13:55:22|Editor: yhy. This was largely due to steeper declines in the costs of services and retail & other goods.
MTI and MAS expect inflation to remain subdued, with both MAS Core Inflation and CPI‐All Items inflation forecast to average between ‐1 per cent and 0 per cent in 2020. SINGAPORE, March 23 (Xinhua) -- The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said in the joint release on Monday that the MAS core inflation, which excludes the costs of accommodation and private road transport, fell to -0.1 percent in February, from 0.3 percent in January.
This was due mainly to steeper declines in the prices of clothing & footwear, medical products and household durables. MAS Core Inflation fell to ‐0.3% on a year‐on‐year (y‐o‐y) basis in April, from ‐0.2% in March. The MAS core inflation and overall consumer price index are forecast to average between minus 1 and 0 per cent this year.
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