FOREX TradingCharts.com

Financial News: Singapore Inflation Steady At 5.4%

Singapore Inflation Steady At 5.4%

05/23/2022 - 06:04:00 (RTTNews)

(RTTNews) - Singapore consumer price inflation remained stable in April and core inflation increased, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.

Consumer prices increased 5.4 percent year-on-year in April, same as seen in March. Economists had expected the inflation rate to rise to 5.5 percent.

The latest increase was due to the rise in core inflation that was offset by a moderation in private transport costs.

MAS core inflation rose to 3.3 percent in April from 2.9 percent in the previous month. Economists had forecast a rise of 3.4 percent.

The acceleration was largely driven by higher inflation for food, retail and other goods, and electricity and gas.

On a monthly basis, consumer prices declined 0.1 percent in April and the core CPI rose 0.4 percent.

External inflationary pressures have increased amid a sharp rise in global commodity prices and ongoing supply chain frictions due to both the Russia-Ukraine conflict and the regional pandemic situation.

Core inflation is forecast to increase further in the months ahead before easing towards the end of the year as external inflationary pressures recede.

For 2022 as a whole, overall inflation is forecast to come within 4.5-5.5 percent, while MAS core inflation is projected to average 2.5-3.5 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Trade Data Due On Thursday (58 min(s), 07 sec(s) ago)
(RTTNews) - Australia will on Thursday release May figures for imports, exports and trade balance, ...Full Story»

Romania Central Bank Raises Key Rate Further (08 hr(s), 10 min(s), 07 sec(s) ago)
(RTTNews) - Romania's central bank raised its monetary policy rate more than expected on Wedne ...Full Story»

Egypt Non-Oil Private Sector Activity At 2-Year Low (10 hr(s), 01 min(s), 07 sec(s) ago)
(RTTNews) - Egypt's non-oil private sector activity deteriorated at the fastest pace in two ye ...Full Story»

Ireland Jobless Rate Rises Slightly In June (10 hr(s), 11 min(s), 07 sec(s) ago)
(RTTNews) - Ireland's unemployment rate increased marginally in June, after falling in the pre ...Full Story»

Taiwan Inflation Highest Since August 2008 (10 hr(s), 44 min(s), 07 sec(s) ago)
(RTTNews) - Taiwan's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story»

Malaysia Central Bank Hikes Rate Again By 25 Bps (11 hr(s), 11 min(s), 07 sec(s) ago)
(RTTNews) - Malaysia's central bank raised its key interest rate by a quarter-point for the se ...Full Story»

Hungary Industrial Output Growth At 6-Month Low; Retail Sales Grow Strongly (11 hr(s), 28 min(s), 07 sec(s) ago)
(RTTNews) - Hungary's industrial production expanded at the weakest pace in six months in May, ...Full Story»

Eurozone Retail Sales Rebound Less Than Forecast (12 hr(s), 48 min(s), 07 sec(s) ago)
(RTTNews) - Eurozone retail trade recovered at a slower-than-expected pace in May, figures from Eu ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Trade Data Due On Thursday

07/06/2022 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Thursday release May figures for imports, exports and trade balance, ...Full Story>>

Romania Central Bank Raises Key Rate Further

07/06/2022 - 10:48 AM (RTTNews)
(RTTNews) - Romania's central bank raised its monetary policy rate more than expected on Wedne ...Full Story>>

Egypt Non-Oil Private Sector Activity At 2-Year Low

07/06/2022 - 08:57 AM (RTTNews)
(RTTNews) - Egypt's non-oil private sector activity deteriorated at the fastest pace in two ye ...Full Story>>

Ireland Jobless Rate Rises Slightly In June

07/06/2022 - 08:47 AM (RTTNews)
(RTTNews) - Ireland's unemployment rate increased marginally in June, after falling in the pre ...Full Story>>

Taiwan Inflation Highest Since August 2008

07/06/2022 - 08:14 AM (RTTNews)
(RTTNews) - Taiwan's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.