Singapore’s core inflation rate cooled to 1.4% in April, reflecting a temporary easing of domestic price pressures. Despite this positive development, economic indicators suggest that imported cost pressures are expected to pick up in the coming months. This projected rise in external costs could influence overall inflation levels, keeping policymakers cautious as they monitor global supply chain dynamics and commodity prices.
- Singapore’s core inflation rate declined to 1.4% for the month of April.
- The decrease reflects a moderating trend in domestic consumer price increases.
- Imported cost pressures are expected to rise in the near term, posing a potential upward risk to future inflation.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
Official website: https://www.channelnewsasia.com/
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