Key insights
- Singapore's core inflation rate in April was 1.4% year-on-year, below expectations. Headline inflation also undershot forecasts. While the Monetary Authority of Singapore (MAS) has tightened policy and raised inflation forecasts, the lower-than-expected print suggests potential downside risks to global inflation, which could indirectly influence the Fed's policy decisions, albeit weakly.
SINGAPORE, May 25 (Reuters) - Singapore’s key consumer price gauge rose 1.4% in April from a year earlier, official data showed on Monday, below economists’ expectations.
The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forecast of 1.7% in a Reuters poll. Headline inflation was 1.8% in annual terms in April, also lower than the 2.0% seen in the poll.
In April, the central bank tightened monetary policy and raised its 2026 forecasts for both core inflation and headline inflation to a range of 1.5% to 2.5%, up from 1% to 2% previously.