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Inflation Rate MoM

Name: Inflation Rate MoM
Creator: TipRanks

The 'Inflation Rate MoM' in Singapore measures the percentage change in the price level of a basket of goods and services from one month to the next. It is a crucial indicator of inflationary pressures in the economy, influencing monetary policy decisions by the Monetary Authority of Singapore. A higher-than-expected inflation rate can lead to tighter monetary policy, affecting interest rates and financial markets. In Singapore, maintaining price stability is vital due to its open economy and reliance on trade, making this metric significant for economic planning and investor sentiment.