Singapore’s inflation rate year-over-year decreased to 0.5% from the previous 0.6%, marking a 0.1 percentage point decline. This reduction indicates a lower inflationary pressure compared to the prior period.
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The actual inflation rate of 0.5% fell short of the analyst estimate of 0.6%. This unexpected drop is likely to positively influence the stock market, particularly benefiting consumer goods and retail sectors due to reduced cost pressures. The market impact may be short-term as investors adjust their expectations for future monetary policy moves, with lower inflation potentially delaying interest rate hikes.