Economy
Singapore’s annual inflation at 5.7% in April
Annual inflation rate was 5.4% in April last year, says Monetary Authority of Singapore
Necva Tastan |
23.05.2023 - Update : 23.05.2023
ISTANBUL
Singapore’s annual inflation was at 5.7% in April, the Monetary Authority of Singapore said on Tuesday.
The annual inflation rate was 5.4% in April 2022, according to official data.
The authority said the annual rate of 5.7% "reflected higher inflation for services and private transport."
On a monthly basis, prices rose by 0.1%, stemming from the higher cost of holiday expenses, airfares and private transport costs.
The authority said that the annual inflation rates are projected to average 5.5-6.5% during 2023, but there are upside and downside risks related to global developments.
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