Singapore's core inflation remains at 3.1% for the third month in May, slightly above forecast.
Singapore's core inflation held steady at 3.1% for the third consecutive month in May, slightly higher than the 3% forecast. Headline inflation, or consumer price index, also rose to 3.1% year-on-year due to higher private transport inflation. Both headline and core inflation are projected to average between 2.5% and 3.5% in 2024, excluding the transitory effects of the GST rate increase.
June 24, 2024
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