Singapore’s core inflation remained at 3.1 per cent in April, unchanged from March.
An increase in electricity and gas and retail inflation was offset by slower price rises in services and food, according to data from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).
On a month-on month basis, core inflation – which excludes accommodation and private transport – rose by 0.4 per cent in April, MAS and MTI said on Thursday (May 23).
Meanwhile consumer price index, or headline inflation, also remained unchanged at 2.7 per cent in April.
On a month-on-month basis, headline inflation increased by 0.1 per cent in April.
Electricity and gas inflation increased to 7.6 per cent in April from 4.8 per cent as costs rose on account of larger increases in electricity and gas tariffs.
Retail and other goods inflation increased to 1.6 per cent in April from 0.7 per cent in March.
MAS and MTI attributed the inflation increase to a hike in water prices, a steeper increase in the prices of personal effects and a smaller decline in the prices of clothing & footwear.
CNA
