Singapore: Inflation surprised to the upside in July – UOB – by pabspiovano Singapore Inflation CPI Banks
Key Takeaways
“While the surge in core inflation was a surprise, its sources of price pressures for Jul were not unexpected. The sources of price pressures for core inflation were again broad-based including nearly all the major categories, with food, electricity & utilities and services as main drivers. As for the headline CPI inflation, other than upside to the core CPI, both the accommodation costs and private transport costs continued to play the key roles driving overall price increases.
“We maintain our forecasts for headline inflation to average 6.0% and core inflation average 4.2% in 2022. Our headline CPI forecast is at the top end of the official outlook for headline CPI but our core CPI projection remains above the official core inflation forecast range .” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bronx senior residents being terrorized by youth getting help, supportSenior citizens say they have been terrorized by a group of young people, and since their story first aired, police and community leaders say they are trying to help.
Read more »
Action being taken for senior residents living in fear at Bronx apartment buildingSenior citizens say they have been terrorized by a group of young people, and since their story first aired, police and community leaders say they are trying to help.
Read more »
Your Legal Questions: Ladybird deed; at-will employee; electric companyFOX 26 Senior Legal Analyst Chris Tritico answers viewers' legal questions.
Read more »
Crypto Winter ‘Could Be Over’ as Investors Add to Positions, Says Market AnalystIs crypto winter over? Crypto could see “momentum really come into place” if investors continue to increase their exposure and risk appetite, OANDA Senior Market Analyst edjmoya said on CoinDesk TV’s “All About Bitcoin.” _franvela reports
Read more »
Iran drops another key demand as prospects for revived nuclear deal increaseIran has dropped another key demand related to nuclear inspections as negotiations continue over reviving the Iran nuclear deal, a senior administration official tells CNN.
Read more »
Twitter Lied About ‘Extreme, Egregious’ Security Lapses, According to Fired ExecSenior Twitter executives deceived regulators — and the company’s own board — about lax security standards and its efforts to fight spam bots, according to an SEC complaint filed …
Read more »