Singapore's June headline inflation hits three-year low of 2.4%, MAS reviewing full-year forecast
Singapore's headline inflation fell to a near three-year low in June, hitting 2.4%. Analysts said this marks the start of an easing momentum in inflation, which will provide some relief for households. The Monetary Authority of Singapore said the full-year forecast range for headline inflation is being reviewed, prompting some economists to lower inflation estimates. Core inflation, which excludes private transport and accommodation, is on a moderating trend. June's figure came in at 2.9%, lower than the 3.1% in May.
Singapore's headline inflation fell to a near three-year low in June, hitting 2.4%. Analysts said this marks the start of an easing momentum in inflation, which will provide some relief for households. The Monetary Authority of Singapore said the full-year forecast range for headline inflation is being reviewed, prompting some economists to lower inflation estimates. Core inflation, which excludes private transport and accommodation, is on a moderating trend. June's figure came in at 2.9%, lower than the 3.1% in May.
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