Singapore markets open in 4 hours 39 minutes
  • Straits Times Index

    3,134.87
    -5.34 (-0.17%)
     
  • S&P 500

    3,818.83
    -2.72 (-0.07%)
     
  • Dow

    31,029.31
    +82.32 (+0.27%)
     
  • Nasdaq

    11,177.89
    -3.65 (-0.03%)
     
  • BTC-USD

    20,315.78
    +63.48 (+0.31%)
     
  • CMC Crypto 200

    438.10
    -1.56 (-0.36%)
     
  • FTSE 100

    7,312.32
    -11.09 (-0.15%)
     
  • Gold

    1,820.30
    -0.90 (-0.05%)
     
  • Crude Oil

    109.43
    -2.33 (-2.08%)
     
  • 10-Yr Bond

    3.0930
    -0.1130 (-3.52%)
     
  • Nikkei

    26,804.60
    -244.87 (-0.91%)
     
  • Hang Seng

    21,996.89
    -422.08 (-1.88%)
     
  • FTSE Bursa Malaysia

    1,451.48
    -3.26 (-0.22%)
     
  • Jakarta Composite Index

    6,942.35
    -54.10 (-0.77%)
     
  • PSE Index

    6,303.19
    -42.22 (-0.67%)
     

Singapore April core inflation rises 3.3%, fastest in a decade

·1-min read
Singapore April core inflation rises 3.3%, fastest in a decade

SINGAPORE, May 23 (Reuters) - Singapore's key consumer price gauge rose in April at its fastest pace in a decade, driven by higher inflation for food, official data showed on Monday.

The core inflation rate — the central bank's favoured price measure - rose to 3.3% in April on a year-on-year basis, the highest since February 2012. A Reuters poll of economists had forecast a 3.4% increase.

Headline inflation rose to 5.4%, the fastest since April 2012, compared with economists' forecast of 5.5%.

Singapore's central bank tightened its monetary policy last month, making a double barrel move, as the city-state ramped up its battle against soaring prices made worse by the Ukraine war and global supply snags. (Reporting by Chen Lin; Editing by Martin Petty)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting