{"id":1654153,"date":"2022-09-23T02:06:53","date_gmt":"2022-09-23T06:06:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1654153"},"modified":"2022-09-23T02:07:20","modified_gmt":"2022-09-23T06:07:20","slug":"tightening-in-focus-as-singapore-aug-inflation-stays-elevated","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tightening-in-focus-as-singapore-aug-inflation-stays-elevated\/","title":{"rendered":"Tightening in focus as Singapore Aug inflation stays elevated"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftightening-in-focus-as-singapore-aug-inflation-stays-elevated%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1654153&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Chen Lin<\/p>\n<p>SINGAPORE (Reuters) \u2013     Singapore\u2019s key consumer price gauge rose again in August at its fastest pace in more than 13 years, official data showed on Friday, driving market expectations the central bank will consider another policy tightening move next month.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The rise in inflation was mainly due to larger increases in the prices of services and food, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry said in a statement.<\/p>\n<p>The core inflation rate \u2014 the central bank\u2019s favoured price measure \u2013 rose to 5.1% in August on a year-on-year basis. A Reuters poll of economists had forecast a 5% increase.<\/p>\n<p>Headline inflation rose to 7.5%, beating economists\u2019 forecast of 7.2%.<\/p>\n<p>Singapore\u2019s monthly inflation rate has remained elevated in recent months, and economists widely expect MAS to tighten policy at its scheduled review next month.<\/p>\n<p>\u201cDespite weak (economic) growth, MAS will be forced by the continued upward trend in inflation to tighten in October,\u201d Maybank Kim Eng economist Lee Ju Ye said after the August data.<\/p>\n<p>The core and headline inflation rates were 4.8% and 7% respectively in July.<\/p>\n<p>Singapore\u2019s central bank has tightened its monetary policy three times this year, twice in surprise moves in January and July. It typically publishes two scheduled monetary policy statements a year, in April and October.<\/p>\n<p>The MAS\u2019 core inflation forecast for this year is between 3% and 4%, while headline inflation is expected to be between 5% and 6%.<\/p>\n<p>Several central banks across the world, including in the United States, have hiked their interest rates again this week to combat inflation.<\/p>\n<p> (Reporting by Chen Lin; Editing by Martin Petty and Kanupriya Kapoor)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tightening-in-focus-as\/attachment\/shoppers-wearing-protective-face-masks-cross-a-street-in-singapores\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8M03R-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8M03R-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Chen Lin SINGAPORE (Reuters) \u2013 Singapore\u2019s key consumer price gauge rose again in August at its fastest pace in more than 13 years, official data showed on Friday, driving<\/p>\n","protected":false},"author":66,"featured_media":1889151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1654153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/tightening-in-focus-as\/?utm_source=rss&utm_medium=rss&utm_campaign=tightening-in-focus-as","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1654153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1654153"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1654153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889151"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1654153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1654153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1654153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}