https://sg.news.yahoo.com/singapore...imates-signaling-sticky-prices-073208644.html
- Increase in health care inflation was highest since June 2013 while uptick in recreation was most in four decades, according to data
- Food prices rose 7.1% from year ago
- Housing and utilities increased 4.5% year-on-year
Singapore inflation exceeds estimates, signaling sticky prices
Bloomberg
Tue, 23 May 2023 at 8:32 am GMT+1·2-min read
Customers browse for fresh produce at Tekka Center in Singapore, on Saturday, April 22, 2023. (Edwin Koo/Bloomberg)
By Kevin Varley
(Bloomberg) — Singapore’s core inflation rate held steady in April, a trend the city-state’s central bank said signals the path for moderating price gains.
The core measure, which excludes housing and private transportation costs and is watched by the central bank to determine policy settings, rose 5% from a year earlier, official data showed Tuesday. While that was faster than the 4.7% gain forecast by economists in a Bloomberg survey, it matched the pace of increase in March.
