Inflation & Prices
Singapore Core Inflation Rate Holds Steady at 3.1% in April
- Electricity, gas costs increase offset by lower food inflation
- 2024 headline and core inflation projections retained
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Singapore’s core inflation rate was unchanged in April from the prior month, giving the central bank room to wait and watch amid risks to economic growth from geopolitical tensions and diverging global monetary policy paths.
Core inflation, which excludes private transport and accommodation and is closely watched by the Monetary Authority of Singapore, came in at 3.1% in April from a year ago, according to a joint statement Thursday from the MAS and the Ministry of Trade and Industry. That matched the median estimate in a Bloomberg survey of economists, and was the same as the March rate.