Singapore’s inflation exceeded economists’ estimates in May as food and transportation costs increased, supporting the central bank’s decision to allow the currency to rise further.
The consumer price index rose 4.5 percent last month from a year earlier, matching April’s previously reported gain, the Department of Statistics said in a statement today. The median estimate of 11 economists surveyed by Bloomberg News was for a 4.1 percent increase. Full story
Related:
Singapore May Inflation Steadies At 4.5% - RTTNews
Singapore inflation for May above forecast - Malaysia Star
Singapore May CPI rises faster than expected - Fresh Plaza
