The overall inflation rate came in at 0.8% last month, same as the survey median estimate.
Singapore’s key inflation gauge slowed in May due to a continued decline in recreation prices.
The core inflation rate, which excludes housing and private transportation costs, stood at 0.6% in May from a year earlier, according to a statement by the Department of Statistics Singapore. That’s lower than the 0.7% in April and aligns with the median estimate in a Bloomberg News survey of analysts.
