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NEW UPDATES Asean Affairs  26 October  2015  

Singapore inflation at 6-month high

SINGAPORE’S core inflation hit a six-month high of 0.6 per cent in the year to September but the sluggish global growth outlook kept concerns over deflationary pressure alive.

That was the highest since March, as well as stronger than the median forecast of a 0.4 per cent rise in a Reuters survey and a 0.2 per cent rise in the year to August.

Higher prices for services such as medical costs were behind the higher inflation, but analysts played down the impact of the data, which came a week after the central bank loosened monetary policy.

“The risk is for further weakness in near-term inflation, with any rise next year not likely to head towards long-term average levels, especially if the growth outturn remains sub trend,” said Weiwen Ng, an ANZ economist in Singapore.

Ng said the Monetary Authority of Singapore, the city-state’s central bank, might ease policy further. Overall, consumer prices fell 0.6 per cent in the year to September - the eleventh consecutive month to show a fall - but the central bank watches core inflation much more closely and has forecast it at 0.5 per cent this year and somewhere between 0.5 per cent and 1.5 per cent next year.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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