Inflation held firm at 1.3% in May

Submitted By:  Arianna Danganan Case Study:  No Higher retail and food inflation offset steep declines in electricity and gas costs. Singapore’s core inflation, excluding the costs of accommodation and private road transport, remained unchanged at 1.3% in May from April, according to data from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). This was due to higher retail and food inflation which broadly offset a steeper decline in the cost of electricity and gas. read more