Singapore markets close in 7 hours 44 minutes
  • Straits Times Index

    3,133.30
    +13.06 (+0.42%)
     
  • Nikkei

    26,501.10
    +347.29 (+1.33%)
     
  • Hang Seng

    21,830.35
    0.00 (0.00%)
     
  • FTSE 100

    7,232.65
    +64.00 (+0.89%)
     
  • BTC-USD

    20,338.77
    +1,163.02 (+6.07%)
     
  • CMC Crypto 200

    440.97
    +20.83 (+4.96%)
     
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow

    31,097.26
    +321.86 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.14 (+0.90%)
     
  • Gold

    1,809.70
    +8.20 (+0.46%)
     
  • Crude Oil

    111.01
    +2.58 (+2.38%)
     
  • 10-Yr Bond

    2.8890
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,442.94
    +5.42 (+0.38%)
     
  • Jakarta Composite Index

    6,639.17
    -155.16 (-2.28%)
     
  • PSE Index

    6,183.62
    +18.27 (+0.30%)
     

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

·1-min read
FILE PHOTO: A ship docks at Keppel terminal in Singapore

SINGAPORE (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