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Singapore May core inflation rises 4.7% y/y, matches forecast

2023-06-23 13:16
SINGAPORE Singapore's key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May
Singapore May core inflation rises 4.7% y/y, matches forecast

SINGAPORE Singapore's key consumer price gauge rose 4.7% in May, official data showed on Friday.

The core inflation rate - which excludes private road transport and accommodation costs - rose 4.7% year-on-year in May, matching a Reuters poll of economists.

Headline inflation was up 5.1% year-on-year in May, compared with a forecast 5.5% increase in a Reuters poll.

(Reporting by Chen Lin)