Singapore: Inflation increases in May
Inflation rose to 3.1% in May, up from April’s 2.7%. The increase was largely due to stronger price pressures for food and transport.
The trend pointed down mildly, with annual average inflation coming in at 3.6% in May (April: 3.8%). Meanwhile, core inflation was stable, coming in at April’s 3.1% in May.
Finally, consumer prices increased 0.70% from the previous month in May, picking up from April’s 0.09% increase.