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Singapore's core inflation rises to 3.6% in May, highest since 2008

Channel News Asia LogoChannel News Asia1w ago

Singapore's core inflation rises to 3.6% in May, highest since 2008

Quick Summary

SINGAPORE: Singapore’s core inflation in May rose to its highest level since 2008, led by rising prices of food and utilities.

Core inflation, which excludes accommodation and private transport costs, came in at 3.

Core inflation is forecast to pick up further in the coming months, MAS and MTI said, although it is expected to moderate towards the end of the year as “some of the external inflationary pressures recede”.


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Article Details

Category: Economy

Topics: Year Food Expected Rose Inflation Prices Cent Core April Rises

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 13:33:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 5 minutes read

Article Length: 814 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5522

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 23 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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