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. It is a crucial indicator of price stability and purchasing power, impacting monetary policy decisions by the Monetary Authority of Singapore (MAS). A higher inflation rate can lead to tighter monetary policy, affecting interest rates and financial markets. In Singapore, where the economy is highly open and trade-dependent, inflation is influenced by global commodity prices and exchange rates, making it a vital metric for economic planning and investment decisions.
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. It is a crucial indicator of price stability and purchasing power, impacting monetary policy decisions by the Monetary Authority of Singapore (MA...