Singapore's 2018 headline CPI expected to rise 1.3% by RHB after May growth

SINGAPORE (June 26): RHB Research expects Singapore’s consumer price index (CPI) to rise by 1.3% in 2018, up from the 0.6% growth in 2017 on imported inflation following rising commodity prices.

RHB’s projection comes after Singapore’s CPI rose 0.4% on-year in May, in line with the Bloomberg consensus and up from the 0.1% rise in April.

This was due to a faster increase in the prices of private road transport, services and retail items as well as a smaller decline in accommodation cost.

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