YoY Change in Consumer Price Index (CPI) in Singapore
Singapore| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year Consumer Price Index (CPI) measures the percentage change in the prices of goods and services purchased by consumers in Singapore compared to the same month in the previous year. This data is released monthly by the Singapore Department of Statistics and is crucial for assessing inflation trends.
Year-on-year CPI data helps to gauge the extent of inflation. If the CPI increases, it indicates rising inflationary pressures, potentially reducing consumer purchasing power. Conversely, if the CPI decreases, it suggests deflationary risks, potentially enhancing consumer purchasing power.
This data is essential for policymakers to evaluate inflation trends and formulate appropriate monetary policies. For instance, if the CPI shows high growth, the central bank might consider raising interest rates to curb inflation. Conversely, if the CPI declines, there might be a need to strengthen economic stimulus measures. Additionally, the CPI is a vital indicator for businesses and investors, providing critical insights into inflation trends and economic outlooks to inform investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
