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Investing.com -- Singapore’s consumer inflation, along with the closely monitored core measure, eased in January, indicating that price pressures are in line with the goals of policymakers.
The Department of Statistics reported on Monday that the consumer price index (CPI) increased by 1.2% in January from the same month in the previous year.
This is a decrease from December’s revised growth of 1.5%, and also falls short of the median estimate of a 1.95% rise predicted by six economists in a Wall Street Journal survey.
The core CPI, which excludes private road transport and accommodation costs, showed a rise of 0.8% in January, according to the data.
This growth rate is slower than the 1.8% expansion seen in December, and also below the 1.6% increase that five economists had anticipated in the WSJ survey.
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