Towards Financial Freedom
Singapore CPI, June 2012 - Still above-5%
Consumer Price Index (CPI) picked up to +5.3% YoY in June 2012 (May 2012: +5.0% YoY: Consensus +5.1% YoY) while the core-inflation rate (ex-accommodation and private road transport) was stable at +2.7% YoY for the third consecutive month. From the previous month, the seasonally adjusted MoM rate was unchanged last month after gaining +0.2% MoM in May 2012. In 1H 2012, headline inflation averaged +5.1% YoY (1H 2011: +5.0% YoY) while core inflation stood at +2.9% YoY (1H 2011: +2.0% YoY). Our full-year inflation rate forecast of 3.8% (2011: 5.2%) is looking less likely now despite continued expectations of prices moderating somewhat in 2H 2012, and we now see it coming in at the higher end of official forecast range of +3.5% to +4.5%.
Source: Maybank Kim Eng
Source: Maybank Kim Eng
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
