Singapore Says Inflation to Stay Elevated After Reaching 5.4%
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Singapore said inflation will remain elevated in the next few months after accelerating in April, as a surge in car-permit costs and rising wages add to price pressures in the city state.
The consumer price index rose 5.4 percent from a year earlier, after climbing 5.2 percent in March, the Department of Statistics said in a statement today. The median estimate of 17 economists in a Bloomberg News survey was for a 5.2 percent increase. The core inflation rate was 2.7 percent in April.