Tag Singapore

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Singapore’s core inflation rate rose by 3.6% in May

Core inflation in Singapore reached its highest level in more than 13 years in May, driven by higher food and utility prices. Core inflation (excluding the cost of private accommodation and transportation) rose 3.6% year-on-year in May. This was up…

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Singapore’s GDP Grew Only 3.4% in Q1/2022

Singapore’s Ministry of Trade and Industry said today that gross domestic product (GDP) grew 3.4% year-on-year in the first quarter of 2022, slowing from 6.1% in 4Q21. On a quarterly basis, GDP grew just 0.4%, a sharp slowdown from 2.3%…

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Bank of Singapore Expects GDP Growth of 4% this Year

The Monetary Authority of Singapore (MAS) released its survey of economists and analysts today, projecting that Singapore’s gross domestic product (GDP) will grow by 4% this year, unchanged from an earlier survey in December. Economists and analysts expect Singapore’s economy…

gardens by the bay singapore

Singapore CPI Continues to Rise by 4% in January

The consumer price index (CPI) in Singapore also increased by 4% year-on-year in January. This is the same inflation rate as already seen in December. In particular, prices for transportation +12.7%, housing & utilities +4.1 and food +2.6% have risen…

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