Singapore's inflation to remain benign for full-year 2015 at 0.1%: Standard Chartered

Quotes from Standard Chartered:

-The Department of Statistics will announce January CPI data on 23 February. We expect the headline print to have fallen 0.4% y/y, continuing the deflationary trend seen since November. Transport costs likely declined further on a y/y basis, as fuel costs are down about 20% y/y.

-Vehicle permit prices have also fallen, and the expected rise in vehicle permit supply (of about 18.3% in February-April versus the previous three months) should keep prices low.

-Meanwhile, the fall in rental prices is likely keeping housing costs depressed. Core inflation may also have remained low; we estimate it at 1.4%. We expect inflation to remain benign for full-year 2015, at 0.1%.