Overall inflation also stayed the same, at 2.7 per cent year on year.
SINGAPORE – Singapore’s core inflation was unchanged in April as more gradual increases in services and food prices offset higher inflation of electricity and gas, and retail and other goods.
Month on month, overall inflation edged up by 0.1 per cent, while core inflation rose by 0.4 per cent. Private transport costs also increased in April as car prices fell at a slower rate, and petrol prices rose more steeply. Services inflation also dipped, on the back of a larger decline in airfares and a more modest pace of increase in holiday expenses.Core inflation is expected to stay on a gradual moderating trend over the rest of the year and step down more discernibly in the fourth quarter, as import cost pressures continue to decline and tightness in the domestic labour market eases, said MAS and MTI.
Singapore Latest News, Singapore Headlines
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