Singapore: Inflation rises in April
May 15, 2014
In April, consumer prices fell 0.2% over the previous month, which contrasted the 0.3% increase recorded in March and marked the lowest level so far this year. According to Statistics Singapore, April’s decrease was mainly the result of lower prices for housing.
Annual inflation rose from 1.2% in March to 2.5% in April, which marked the highest level in five months. The figure slightly undershot the 2.6% the market had expected. Annual average inflation inched up from 1.6% in March to 1.7% in April.
The Monetary Authority of Singapore’s (MAS) annual core inflation measure, which excludes the cost of accommodation and private road transport, rose from 2.0% in March to 2.3% in April, which marked the highest level since September 2012.
Author: Dirina Mançellari, Senior Economist