SINGAPORE’S headline inflation rebounded to 5.7 per cent year on year (yoy) in April, after March’s step down to 5.5 per cent, while core inflation was unchanged at 5 per cent, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (May 23). Both measures were higher than economists’ forecasts, but market watchers said that the upside surprise is not enough for MAS to change its monetary policy settings in October. Headline inflation in April was moderately higher than the median 5.5 per cent forecast by private-sector economists in a Bloomberg poll, as higher inflation was recorded for services and private transport.   https://www.businesstimes.com.sg/singapore/mas-policy-change-still-not-expected-singapore-headline-inflation-ticks-april-core   (ICE SINGAPORE)

Fonte notizia: The Business Times, 23 May 2023