The 'Core Inflation Rate YoY' in Singapore measures the year-over-year change in the price of goods and services, excluding the volatile components of accommodation and private road transport. It is a crucial indicator for assessing underlying inflation trends and guiding monetary policy decisions. The measure is significant as it reflects the cost of living and purchasing power, influencing consumer behavior and business investment. Financial markets closely watch this indicator as it can impact interest rates, currency valuation, and economic growth expectations.
The 'Core Inflation Rate YoY' in Singapore measures the year-over-year change in the price of goods and services, excluding the volatile components of accommodation and private road transport. It is a crucial indicator for assessing underlying inflation trends and guiding monetary policy decision...