Singapore’s core inflation inches up to 0.7% in April; headline inflation is unchanged at 0.9%
Both numbers come in above economists’ estimates; MAS and MTI maintain full-year forecast range for these at 0.5 to 1.5%
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[SINGAPORE] Singapore’s core inflation came in higher than expected in April, driven by higher food and services prices, while headline inflation stood pat, data from the Department of Statistics showed on Friday (May 23).
April’s core inflation, which excludes accommodation and private transport, rose to 0.7 per cent. This was marginally higher than March’s 0.5 per cent and the median forecast of 0.5 per cent by private-sector economists polled by Bloomberg.
Headline inflation was unchanged at 0.9 per cent – higher than economists’ median forecast of 0.8 per cent.
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