Singapore: Inflation is stable in April
Latest reading: Consumer prices increased 1.8% in annual terms in April, stable from the previous month’s reading.
Relative to the prior month’s figures, price pressures were higher for transport in April (+7.0% in annual terms vs +6.0% in March). In contrast, price pressures reduced for housing and utilities in April (+0.2% vs +0.3% in March). Finally, the change in food prices was the same as in the prior month (+1.6% in April and March).
Meanwhile, core consumer prices were up 1.4% on a year-on-year basis in April, following a 1.7% increase in the prior month.
Lastly, consumer prices were down 0.34% in April on a month-on-month basis, following a 0.48% increase in the previous month.