Singapore’s Inflation Increases In April

Singapore’s consumer prices rose in April, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.

The consumer price index rose 2.1 percent year-on-year in April, following a 1.3 percent increase in March. Economists had expected a 2.0 percent rise.

This latest consumer prices outcome was largely due to a rise in core inflation, prices for private transportation and accommodation cost.

MAS core CPI, which excludes costs of accommodation and private road transport, grew 0.6 percent annually in April, following a 0.5 percent increase in the preceding month.

The statistical office expects external inflation to rise in the coming quarters, amid a recovery in global oil prices and turnaround in producer price inflation in major economies.

For 2021, MAS Core Inflation is expected to average 0-1 percent, while the CPI-All Items inflation is expected to come between 0.5-1.5 percent.

This website uses cookies and asks your personal data to enhance your browsing experience.