Singapore headline inflation rose 2.4% y-o-y in May, beating Bloomberg consensus estimates of 2.2%. It also follows headline inflation of 2.1% recorded in April.
Economists and analysts generally view that Singapore’s headline inflation will continue gaining in the coming months before moderating, following May inflation data released by the Singapore Department of Statistics (SingStat) on June 23.
See also: Singapore’s inflation levels continue upward trend in May
