SINGAPORE: Singapore's inflation slowed to 5% in May from a year earlier and authorities cited moderating price pressures from wages and other business costs, indicating the central bank might have room to ease monetary policy slightly in October.
The May inflation was slightly below the median estima
te of 5.1% of 11 economists polled by Reuters and a sharp improvement over April's 5.4%, the highest rate in 2012. Full storyRelated:
Singapore May Inflation At 3-Month Low, Below Forecast - RTT News
