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.