Ministry of Trade and Industry (MTI)

The costs of services and electricity & gas saw a smaller decline amid higher food inflation.

Singapore’s CPI dropped in October

Singapore’s core and headline inflation are expected to come between -0.5% and 0% this year.

MAS stands pat on Singapore’s monetary policy in Oct 2020

This is a significant improvement from the historic 13.3% plunge logged in 2Q2020 ended June.

Singapore’s gross domestic product (GDP) slumped 12.6% y-o-y in 2Q20, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Tuesday.

Core inflation fell 0.2% y-o-y in May, while CPI-all items inflation fell 0.8% y-o-y.

SINGAPORE (May 3): Minister for Trade and Industry Chan Chun Sing has urged companies, businesses and factories to start preparing the implementation of safe working environment measures and safe “cohorting” measures beyond work now.

Minister for Trade and Industry Chan Chun Sing and trade ministers from Australia, Canada, New Zealand, and South Korea have agreed to expedite customs procedures, and ensuring transport and customs clearances of essential items.

The way economists see it, the coronavirus outbreak is not unlike a kick in the knees for Singapore, which had been just about showing signs of regaining its footing.