The 'Inflation Rate MoM' in Singapore measures the percentage change in the Consumer Price Index (CPI) from one month to the next, reflecting short-term price movements in the economy. It is crucial for assessing the cost of living and purchasing power, influencing monetary policy decisions by the Monetary Authority of Singapore (MAS). A higher-than-expected inflation rate can lead to tighter monetary policy, impacting interest rates and financial markets. In Singapore's open economy, inflation is closely monitored due to its implications for trade competitiveness and economic stability.
The 'Inflation Rate MoM' in Singapore measures the percentage change in the Consumer Price Index (CPI) from one month to the next, reflecting short-term price movements in the economy. It is crucial for assessing the cost of living and purchasing power, influencing monetary policy decisions by th...