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Singapore inflation hits highest in nearly two years, but undershoots expectations
Inflation in Singapore reached its highest point in nearly two years. However, consumer prices rose 2.2% last month, which undershot the 2.3% rate that economists polled by Reuters had expected.
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Adjacent reporting
- Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
- Singapore's economy expands 5.7% in the second quarter, beating expectations
- Inflation rate projected to hit 6% in the second quarter, top economic forecasters say
- Consumer prices rose 3.8% annually in April, the highest since May 2023