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Singapore Inflation April 2018

Singapore: Inflation moderates in April

Consumer prices decreased 0.5% over the previous month in April, down from March’s 0.2% drop. According to data released by Statistics Singapore, the fall in prices was primarily driven by lower prices for housing and utilities.

In April, inflation moderated to 0.1% from the prior month’s 0.2%, coming in below market expectations. Annual average inflation was stable at the previous month’s reading of 0.5%.

Finally, the Monetary Authority of Singapore’s (MAS) core inflation measure, which omits the costs of accommodation and private road transport, also eased, from 1.5% in March to 1.3% in April. The dip came on lower retail inflation and a milder rise in electricity tariffs.

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