Singapore May all-items CPI rises 0.4pc year-on-year, higher than expected

SINGAPORE, June 25 — Singapore’s headline consumer price index rose a higher-than-expected 0.4 per cent in May from a year earlier, data showed today.

The median forecast in a Reuters poll was for all-items CPI to rise 0.3 per cent. In April, headline CPI rose 0.1 per cent year-on-year.

Singapore’s core inflation gauge in May rose 1.5 per cent from a year earlier. The median forecast in a Reuters poll was for an increase of 1.4 per cent. — Reuters