Daily Market Updates: Singapore inflation rises 2.2% in latest month, easing expectations

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Singapore inflation rises 2.2% in latest month, easing expectations

The CPI increase was smaller than the 2.3% forecast, leaving price pressure slightly below economists' median estimate.

Reported · Written up by our desk · Inflation

Singapore’s consumer price inflation rose to 2.2% in the latest month, its highest level in nearly two years, according to CNBC Markets.

The report said the reading came in below economists’ expectations, which called for 2.3% inflation, based on a Reuters poll.

With the print missing the median forecast by 0.1 percentage points, the data suggested inflation pressure was moderating slightly versus what markets had been pricing in.

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Bonds & Rates

Singapore inflation rises 2.2% in latest month, easing expectations

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