Singapore core inflation jumps to 13-year high of 3.6% in May amid rising food prices

The Straits Times LogoThe Straits Times1w ago

Singapore core inflation jumps to 13-year high of 3.6% in May amid rising food prices

Quick Summary

June 23, 2022 1:00 PMCore inflation is expected to pick up further in the coming month before moderating towards the end of the year.

May's inflation is in line with the 3.6 per cent rise forecast by economists in a Bloomberg poll. It is also the highest since December 2008, when core inflation hit 4.2 per cent.

Contributing to the rise in overall consumer inflation, accommodation inflation rose to 4 per cent, up from 3.9 per cent rise in April, on the back of a larger increase in housing rents.

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Article Details

Category: Economy

Topics: Year Core Costs 13-year Inflation April Singapore Jumps Prices Rose Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 13:00:00

News Timezone: GMT +8:00

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Language: English

Reading Time: 5 minutes read

Article Length: 769 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5505

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