Singapore's 0.3% inflation drop reveals what economists missed about consumer spending
Key Points
- Singapore's core inflation dropped to 0.3% in August, the lo...
Singapore's core inflation just hit 0.3% in August - the lowest it's been since February 2021. That's like finding your favorite hawker stall still charging 2021 prices while everything else around you costs more than a Small Business Administration loan.
The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) released their joint report explaining this unexpected drop, and the story is more interesting than your typical inflation tale. Services inflation cooled from 0.7% in July to 0.4% in August, with holiday expenses, airfares, and hospital bills leading the pric...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.