SINGAPORE (Reuters) – Singapore’s major client value index rose 3.1% year-on-year in April, official knowledge confirmed on Thursday, consistent with economists’ forecasts.
Core inflation, which excludes non-public street transport and lodging prices, was consistent with forecasts in a Reuters ballot of economists and March’s 3.1% studying.
The general inflation fee in April rose by 2.7% from the identical month final 12 months, greater than the two.6% forecast within the ballot.
Though inflation has fallen from a peak of 5.5% in early 2023, it stays cussed towards the backdrop of slowing financial development and reached a seven-month excessive in February. dropped extra considerably yearly.
The central financial institution stored financial coverage settings unchanged at its April coverage assessment. The following coverage assessment will happen in July.
