S’pore core inflation expected to cool to 3-year low by end-2024: MAS

Quick Summary:

In 2025, lower import prices and slower domestic wage growth will pull down inflation.

Meanwhile, all-items inflation is expected to come in around 2.5 per cent on average this year, compared to 4.8 per cent the year before.

Accommodation inflation should continue to decline gradually, as demand for rental accommodation is expected to remain relatively stable next year, having slowed this year from its 2023 pace, said MAS.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Year Pace Months Expected Singapore Services 2025 Core Forecast Cent Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 19:24:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 789 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23285027

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