This news text discusses the lower inflation rates in services, retail, and other goods in Singapore, as reported by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). The overall inflation rate remained unchanged at 1.8% in April, with the higher private transport and accommodation inflation offset by lower core inflation. The lower inflation rates were attributed to the smaller decline in electricity prices and a larger increase in housing rents for accommodation. The news text also mentions the impact of higher energy and other input costs arising from the developments in the Middle East on global supply chains, as well as the potential risks to the inflation outlook due to a more persistent disruption to global energy supplies or shortages in key intermediate inputs.
This news text discusses the lower inflation rates in services, retail, and other goods in Singapore, as reported by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).
The overall inflation rate remained unchanged at 1.8% in April, with the higher private transport and accommodation inflation offset by lower core inflation. On a month-on-month basis, overall inflation decreased by 0.3% in April. The lower inflation rates were attributed to the smaller decline in electricity prices and a larger increase in housing rents for accommodation. The retail and other goods inflation rate also fell at a slower pace in April.
The MAS and MTI also mentioned the impact of higher energy and other input costs arising from the developments in the Middle East on global supply chains, as well as the potential risks to the inflation outlook due to a more persistent disruption to global energy supplies or shortages in key intermediate inputs. The news text also highlights the potential impact of a prolonged Middle East conflict on inflation and economic growth
Please follow us on Google to support usInflation Singapore Monetary Authority Of Singapore Ministry Of Trade And Industry Services Retail Other Goods Core Prices Consumer Price Index-All Items Private Transport Accommodation Electricity Gas Housing Rents Health Insurance Costs Telecommunication Services Prices Water Price Inflation Nominal Wage Growth Domestic Consumer Spending Supply Chain Disruptions Global Energy Supplies Key Intermediate Inputs Industrial Production Global Financial Conditions Economic Activity Inflation Outlook Middle East Conflict Prolonged Middle East Conflict Impact On Inflation Impact On Economic Growth
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