
May 23, 2025 10:45 AM IST
US Stock Market Live: Singapore Core Inflation Quickens
Singapore’s key inflation gauge accelerated for the first time since September driven by an increase in healthcare, education and food prices.
The core inflation rate, which excludes housing and private transportation costs, stood at 0.7% in April from a year earlier, compared with 0.5% in March, according to a statement by the Department of Statistics Singapore. That’s also higher than the median estimate of 0.5% in a Bloomberg News survey of analysts and ends six straight months of deceleration.
Overall inflation rate held steady at 0.9% last month, higher than the 0.8% median estimate. The annual healthcare inflation rate was 2.5% in April, higher than the 1.8% in March. Food prices increased 1.4% in April from a year ago while education climbed 0.5%.