Singapore Inflation, Made Simple
Singapore inflation has 2 different terms.
CPI-All Items inflation (Headline Inflation)
CPI-All Items inflation measures the price changes of a fixed basket of items and services that people usually buy, like food and clothes.
So, CPI-All Items inflation is like a report card for the economy, showing how the prices of everyday things are changing.
MAS Core Inflation (Underlying Inflation)
MAS Core Inflation measures the price changes of a fixed basket of items and services that people usually buy, like food and clothes, but it leaves out accommodation and private transport.
- Accommodation = how much rent you would pay if you rented your own home.
- Private transport = how much it costs to own and use a car (like COE, car price, petrol).
So, MAS Core Inflation is like a report card for the economy, showing how the prices of everyday things are changing, without the ups and downs from housing and car costs.
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Why S’pore Inflation Matters
CPI-All Items inflation
It is important because it gives people and businesses a full picture of how prices are rising for the average consumer.
MAS Core Inflation
It is important because it helps the Monetary Authority of Singapore (MAS) make decisions to keep the economy steady and prices fair by managing the Singapore dollar exchange rate (Monetary Policy).
Read SG Inflation Articles
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