Singapore core inflation at 1.4% year-on-year in May, lower than expected

Tuesday, 23 Jun 2026 | 1:46 PM MYT Pedestrians walk along a promenade near the financial business district in Singapore. — AFP SINGAPORE: Singapore's key consumer price gauge rose 1.4% in May from a year earlier, official data showed on Tuesday, below economists' expectations. The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forecast of 1.6% in a Reuters poll. Headline inflation was 1.8% in annual terms in May, lower than the poll forecast of 2%. Last week, the central bank's June quarter survey of economists showed core inflation is seen at 2% this year and headline inflation at 2.3%, up from forecasts of 1.5% for both ​in the ​previous survey.