The 'Core Inflation Rate YoY' in Singapore measures the year-over-year change in the prices of goods and services, excluding the volatile components of accommodation and private road transport. It is a key indicator of underlying inflation trends and is closely monitored by policymakers to assess the cost of living and guide monetary policy decisions. This measure is significant as it provides insights into the persistent inflationary pressures in the economy, influencing interest rates and financial market expectations. In Singapore, where the economy is sensitive to global trade dynamics, core inflation can impact consumer spending and investment decisions, affecting overall economic growth.
The 'Core Inflation Rate YoY' in Singapore measures the year-over-year change in the prices of goods and services, excluding the volatile components of accommodation and private road transport. It is a key indicator of underlying inflation trends and is closely monitored by policymakers to assess...