SINGAPORE: Singapore’s core inflation stayed at 3.1 per cent in May, unchanged from April and
An increase in services inflation was offset by lower electricity and gas, and retail and other goods inflation, according to data from the Monetary Authority of Singapore and the Ministry of Trade and Industry on Monday .
Retail and other goods inflation dipped from 1.6 per cent to 1.5 per cent. MAS and MTI attributed this to a slower pace of increase in prices of personal effects, as well as alcoholic beverages and tobacco. Accommodation inflation eased slightly from 3.5 per cent to 3.4 per cent due to smaller increases in housing rents.Global prices of energy and most food commodities have remained relatively stable in recent months, said MAS and MTI. The costs of Singapore’s imported intermediate and final manufactured goods have also continued on a broad decline.
The authorities also expect private transport inflation to moderate from last year amid the larger projected COE supply in 2024. "Excluding the transitory effects of the 1 per cent-point increase in the GST rate to 9 per cent, headline and core inflation are expected to come in at 1.5 per cent to 2.5 per cent."
Ministry Of Trade And Industry Core Inflation
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.
Food hunt at Singapore theme parks: Science Centre SingaporeYou know what to expect at our local theme parks, but what about the food? Our team of taste explorers take you on a wild ride through Singapore’s awesome theme parks and their culinary offerings. We're on a mission to uncover the unique flavours that make each theme park a gastronomic adventure too. Today, we explore Science Centre Singapore! Do..
Read more »
S’pore Chinese culture unique because it is established on foundations of multiculturalism: SM LeeIn Singapore, all citizens should put Singapore and its interests first, said SM Lee
Read more »
Chinese national arrested in S’pore for creating malware that allowed criminals to steal billionsProperties subject to seizure include a Singapore condominium unit and a Singapore-registered Ferrari.
Read more »
SQ321 plane returns to Singapore 5 days after turbulence incidentSINGAPORE - The Singapore Airlines (SIA) plane which experienced severe air turbulence on May 21, resulting in one death and several injuries, returned to Singapore on May 26, after being cleared for departure.
Read more »
Aircraft that operated SQ321 returns to Singapore from BangkokSINGAPORE: The Singapore Airlines (SIA) aircraft that operated turbulence-hit flight SQ321 returned to Singapore on Sunday (May 26), five days after it made an emergency landing in Bangko
Read more »
Singapore's key exports dip 0.1% in May, but recovery journey facing major roadblocksSingapore's key exports shrank 0.1% in May, compared to a contraction of more than 9% the month before. But, the recovery journey is facing some major roadblocks, ranging from congestion at its ports, to an ongoing trade spat between the world's two largest economies. NODX is already down some 3.
Read more »