# data[].attributes.headline
How do government manage inflation - monetary policy where government manage our singapore dollar exchange rate.  Property sector - tdsr and absd total debt servicing ratio and additional buyer's stamp duties.  gst vouchers, conservancy rabate, utilities rebate......

# data[].attributes.subject
How do government manage inflation - monetary policy where government manage our singapore dollar exchange rate.  Property sector - tdsr and absd total debt servicing ratio and additional buyer's stamp duties.  gst vouchers, conservancy rabate, utilities rebate......

# data[].attributes.body
Unemployment - cet, skills future .....

# data[].attributes.body
Singapore inflation rate was the highest at positive 1.6 in 2014 due to an increase in cost of housing and prices of food.

# data[].attributes.attachment_link.readable_text
Consumer prices in Singapore rose by 0.2 percent year-on-year in March of 2018, easing markedly from a 0.5 percent rise in the prior month while markets estimated a 0.5 percent gain. Food prices rose slightly softer while cost of transport slumped and cost of housing continued to fall.

In March, prices of food advanced 1.4 percent from a year earlier, after a 1.5 percent rise in February. Among food excluding food servicing services, cost increased for: milk, cheese & eggs (1.2 percent); oils & fats (3.6 percent); sugar, preserves & confectionery (1.9 percent); other food (1.6 percent); vegetables (1.3 percent), and and non-alcoholic beverages (0.7 percent). Meantime, prices dropped for meat (-0.4 percent) and bread & cereals (-0.1 percent). Among food servicing services, prices went up for all categories: restaurant foods (1.6 percent); fast food (016 percent); hawker food including food courts (1.5 percent), and catered food (1 percent).

Also, cost went up at a slower pace for healthcare (2.1 percent from 2.5 percent in February), mainly due to a 2.7 percent rise in medical & dental treatment and a 0.3 percent gain in medical products, appliances & equipment) and recreation & culture (0.6 percent from 1.6 percent), driven by a 1 percent rise in recreation & entertainment and a 0.3 percent rise in holiday expenses. In addition, cost of household durables & services rose by 0.7 percent (from 0.8 percent, largely due to a 1.9 percent increase in household services & supplies). Meanwhile, cost went up faster than a month earlier for: education (3 percent from 2.9 percent rise in the preceding month, due to a 3 percent rise in tuition & other fees and a 0.3 percent gain in school textbooks & related study guides); miscellaneous goods & services (1 percent from 0.4 percent), due to a 6.4 percent rise in alcoholic drinks & tobacco and a 0.4 percent rise in other miscellaneous expenditure and clothing & footwear (1.2 percent from 0.7 percent).

On the other hand, cost fell for transport (-0.5 percent from 0.6 percent), largely due to a 0.6 percent drop in private road transport and a 1.1 percent decrease in public road transport. Also, cost dropped further for housing & utilities (-2 percent from -2.1 percent, mainly due to a 3.4 percent decline in accomodation) and communication (-0.3 percent from -0.1 percent).

Core consumer prices which exclude costs of accommodation and private road transport, increased by 1.5 percent, following a 1.7. percent gain in February and slightly below expectations of 1.7 percent.

On a month-on-month basis, consumer prices declined by 0.2 percent in March, reversing from a 0.5 percent rise in a month earlier.

Statistics Singapore l Chusnul Ch Manan| chusnul@tradingeconomics.com
4/23/2018 6:52:36 AM

# data[].attributes.attachment_link.title
Singapore Inflation Rate | 1962-2018 | Data | Chart | Calendar | Forecast

# data[].attributes.attachment_link.description
Consumer prices in Singapore rose by 0.2 percent year-on-year in March of 2018, easing markedly from a 0.5 percent rise in the prior month while market estimated a 0.5 percent gain. Food prices rose slightly softer while cost of transport slumped and cost of housing continued to fall.

# data[].attributes.body
http://www.nationmaster.com/country-info/profiles/Singapore/Economy

Real GDP growth averaged 6.9% between 2004 and 2008. The economy contracted 1.3% in 2009.  Singapore's major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

# data[].attributes.body
http://stats.mom.gov.sg/Pages/Unemployment-Summary-Table.aspx
Overall, there is a slight increase in the unemployment rate. The highest unemployment is in 2009 which is at 3.0% while the lowest is at 1.9% during 2013 and 2016.

# data[].attributes.body
http://www.channelnewsasia.com/news/singapore/singapore-s-2016-average-resident-unemployment-rate-highest-sinc-8762678

Being the highest since 2010, the annual average resident unemployment rate in 2016 is 3%. As lesser younger people enter the workforce and more retirees,  unemployment rate increases. Furthermore, some job seekers cannot find jobs that they are qualified for. Singapore must create more jobs for these people that are always seeking for jobs that need their skills.

-zulaikha

# data[].attributes.body
http://www.straitstimes.com/singapore/manpower/why-is-unemployment-rising-3-burning-questions-on-jobs
One of the factors that contributes to unemployment. During a positive or negative economy, there are workers who still decide to seek better opportunity to change jobs available around them, (Frictional unemployment). There are still several factors that affects the Unemployment rate.

# data[].attributes.body
http://www.straitstimes.com/forum/letters-in-print/unemployment-numbers-may-be-higher-than-thought
Despite having high qualifications, Singaporeans are still unemployed due to various reasons such as the jobs may not be up to their standard or some are discouraged after being rejected by a certain company.

# data[].attributes.body
http://www.singstat.gov.sg/statistics/latest-data#1

Latest data of

Gross Domestic Product

Government Finance

Merchandise Trade

Financial Statistics

Manufacturing

External Accounts

Labour & Productivity

Investment

Price Indices

Population & Land Area

Services

Resident Population Profile

Tourism

Births & Deaths

InfoComm & Media

Marriages & Divorces

Transport

Education & Literacy

Government Operations

Social Indicators

Government Debt

Households

# data[].attributes.body
http://www.tradingeconomics.com/singapore/gdp-growth

In summary,
SG GDP drop by 1.30% in the first quarter of 2017 over the previous quarter. GDP Growth Rate in Singapore averaged 6.81% from 1975 until 2017, reaching an all time high of 37.20% in the first quarter of 2010 and a record low of -13.50 % in the fourth quarter of 2008.