* WHAT: Singapore consumer price index for April
* WHEN: May 23, 2011, 0500 GMT
* REUTERS FORECAST: +0.4 pct M/M s/adj, +4.5 Y/Y
(Repeats story from Friday with no changes to the text)
SINGAPORE CONSUMER PRICE INDEX (percentage change)
April Range March No. of
(median) (actual) forecasts
M/M* +0.4 0/+0.6 +0.3 9
Y/Y +4.5 +4.1/+4.8 +5.0 11
* Month/month is seasonally adjusted
FACTORS TO WATCH:
- Singapore officials said earlier this week that year-on-year inflation peaked in the first quarter, so the April figure will likely come in below the 5.0 percent recorded in February and March.
- For the full year, the central bank expects inflation to come in at the higher end of the 3-4 percent official forecast.
- Home and car prices have stabilised somewhat after rising sharply in recent months, helping keep the headline inflation number down.
MARKET IMPACT:
- Given recent comments by officials that year-on-year inflation has peaked, the April data is unlikely to provide surprises.
- Market players are more interested in changes in government policy directions that are likely to be announced in coming weeks, following the announcement of a new cabinet that saw changes to the ministers at 11 of Singapore's 14 ministries. In particular, policies regarding housing, transport and immigration can impact the medium-term inflation outlook.
CONTRIBUTORS M/M Y/Y
Action Economics 0.4 4.70
Barclays Capital 0.0 4.20
CIMB 0.1 4.60
Credit Suisse - 4.10
DBS - 4.30
IFR Markets 0.50 4.60
ING Financial Mkts 0.40 4.80
JPMorgan 0.20 4.30
Oversea-Chinese Banking Corp 0.60 4.40
Royal Bank Of Scotland 0.60 4.70
United Overseas Bank 0.00 4.50
(Reporting by Kevin Lim; Editing by Sugita Katyal) Keywords: SINGAPORE ECONOMY/CPI (Kevin.Lim@thomsonreuters.com)(+65 6403 5663) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* WHEN: May 23, 2011, 0500 GMT
* REUTERS FORECAST: +0.4 pct M/M s/adj, +4.5 Y/Y
(Repeats story from Friday with no changes to the text)
SINGAPORE CONSUMER PRICE INDEX (percentage change)
April Range March No. of
(median) (actual) forecasts
M/M* +0.4 0/+0.6 +0.3 9
Y/Y +4.5 +4.1/+4.8 +5.0 11
* Month/month is seasonally adjusted
FACTORS TO WATCH:
- Singapore officials said earlier this week that year-on-year inflation peaked in the first quarter, so the April figure will likely come in below the 5.0 percent recorded in February and March.
- For the full year, the central bank expects inflation to come in at the higher end of the 3-4 percent official forecast.
- Home and car prices have stabilised somewhat after rising sharply in recent months, helping keep the headline inflation number down.
MARKET IMPACT:
- Given recent comments by officials that year-on-year inflation has peaked, the April data is unlikely to provide surprises.
- Market players are more interested in changes in government policy directions that are likely to be announced in coming weeks, following the announcement of a new cabinet that saw changes to the ministers at 11 of Singapore's 14 ministries. In particular, policies regarding housing, transport and immigration can impact the medium-term inflation outlook.
CONTRIBUTORS M/M Y/Y
Action Economics 0.4 4.70
Barclays Capital 0.0 4.20
CIMB 0.1 4.60
Credit Suisse - 4.10
DBS - 4.30
IFR Markets 0.50 4.60
ING Financial Mkts 0.40 4.80
JPMorgan 0.20 4.30
Oversea-Chinese Banking Corp 0.60 4.40
Royal Bank Of Scotland 0.60 4.70
United Overseas Bank 0.00 4.50
(Reporting by Kevin Lim; Editing by Sugita Katyal) Keywords: SINGAPORE ECONOMY/CPI (Kevin.Lim@thomsonreuters.com)(+65 6403 5663) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
