Singapore Core Inflation Subdued In April

Singapore's core CPI inflation slowed to 1.4% yoy in April, missing expectations due to base effects and category-specific drags in utilities and communications. Headline inflation remained steady at 1.8% yoy.

Key Takeaways

• 1.Singapore's core CPI inflation rose 1.4% yoy in April, significantly missing the Bloomberg consensus of 1.8% yoy.
• 2.Headline CPI inflation remained unchanged from March at 1.8% yoy.
• 3.The core inflation miss was driven by base effects (approx -45bp) and specific price drags in housing utilities, public transport, and internet broadband.

Table of Contents

• Key numbers
• Main points
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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