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Singapore May core inflation rises 3.6%, just above forecast

Singapore May core inflation rises 3.6%, just above forecast

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

The core inflation rate — the central bank's favoured price measure - rose to 3.6% in May on a year-on-year basis. A Reuters poll of economists had forecast a 3.5% increase.

Headline inflation rose to 5.6%, compared with economists' forecast of 5.50%.

(Reporting by Chen Lin; Editing by Ed Davies)

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