The 'Inflation Rate YoY' in Singapore measures the percentage change in the Consumer Price Index (CPI) compared to the same month in the previous year, reflecting the overall increase in prices of goods and services. It is crucial as it influences monetary policy decisions by the Monetary Authority of Singapore, impacting interest rates and economic growth. High inflation can erode purchasing power and affect consumer spending, while low inflation may signal weak demand. For financial markets, unexpected inflation figures can lead to volatility as investors adjust their expectations for interest rates and economic performance.
The 'Inflation Rate YoY' in Singapore measures the percentage change in the Consumer Price Index (CPI) compared to the same month in the previous year, reflecting the overall increase in prices of goods and services. It is crucial as it influences monetary policy decisions by the Monetary Authori...