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Singapore seen to tighten Singdollar again 'very soon' as inflationary pressure grows

The Edge Singapore
The Edge Singapore7/25/2022 05:15 PM GMT+08  • 3 min read
Singapore seen to tighten Singdollar again 'very soon' as inflationary pressure grows
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Singapore’s higher-than-expected inflation for June has raised the possibility of further moves by the central bank to curb this economic scourge.

On July 25, Singapore reported that inflation has hit 6.7% for June - the highest since Sept 2008, with food, transport and utilities the main contributors. The 6.7% inflation rate was a significant notch above mean expectations of 6.2%,

Core inflation, which excludes accommodation and private road transport costs, has reached 4.4%. For May, corresponding numbers were 5.6% for headline and 3.6% for core respectively.

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