Singapore CPI rises 2.9% to 10-year highBloombergCore inflation in Singapore accelerated faster than expected to the highest in a decade, in sync with the central bank’s projections that price growth might worsen before it gets better on geopolitical shocks and supply-chain backlogs. The core consumer price index (CPI) tracked by the Monetary Authority of Singapore (MAS) — which excludes private transport and accommodation costs — rose 2.9 percent last month, on the back of costlier food and services. That is the fastest since March 2012 and is showing a quickening for the past eight of nine months. People listen to a band at a bar in the Clarke Quay area of Singapore on Saturday. The MAS and ministry reiterated estimates that core inflation should be between 2.5 and 3.5 percent this year, while headline inflation runs within 4.5 and 5.5 percent.

Source: Taipei Times April 26, 2022 04:03 UTC