Core inflation stays at 1.9 per cent, the same as the previous month
For the first five months of 2024, inflation rate rose 1.8 per cent, compared to 3.4 per cent for the corresponding period last year.
The final figure for inflation in May is the highest in eight months, surpassing April’s 1.8 per cent and outpacing the forecast of 1.9 per cent made by a group of economists in a recent Reuters poll.Core inflation, meanwhile, rose 1.9 per cent in May, the same growth rate as the previous month. The DOSM report noted that the prices of 331 out of 573 – or nearly 58 per cent – of items in the consumer price index went up in May. Among these, the prices of 320 items saw prices increase less than 10 per cent, and prices of 11 items rose by more than 10 per cent.
Prices of housing, water, electricity, gas and other fuels – making up 23.2 per cent of the total CPI – increased 3.2 per cent in May.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore core inflation sticks at 3.1% in May as overall consumer prices rise fasterAlthough consumer prices appear sticky, analysts believe inflation is on track to ease.
Read more »
Singapore core inflation remains at 3.1% for third consecutive monthSINGAPORE: Singapore’s core inflation stayed at 3.1 per cent in May, unchanged from April and
Read more »
Entry of migrant workers into Malaysia: No plans to extend May 31 deadline, says home ministerPENANG: The Malaysian government does not plan to extend the May 31 deadline for the entry of migrant workers into the country. Home Minister Saifuddin Nasution Ismail said this as he felt the period given by Malaysia was reasonable to manage all migrant worker procedures.
Read more »
Woods exits US Open, says it 'may or may not be' his lastFifteen-times major winner Tiger Woods said this could very well be his final U.S. Open, after carding a three-over-par 73 that left him at seven over for the week to miss the cut at Pinehurst on Friday.
Read more »
Ex-director at S’pore College of TCM charged over allegedly taking upskirt picturesLiew Meng Fatt was a director at the college from May 2016 to May 2019.
Read more »
Japan core inflation set to accelerate, keeping BOJ on track for more rate hikesTOKYO: Japan's nationwide core consumer inflation likely accelerated to 2.6 per cent year-on-year in May from 2.2 per cent in the previous month, a Reuters poll of 18 economists showed on Friday (Jun 14), keeping the central bank on track to raise interest rates further in coming months.
Read more »