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Singapore June core inflation rises 4.4%, topping forecasts

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SINGAPORE: Singapore's key consumer price gauge rose in June at its fastest pace in more than 13 years, driven by higher inflation across a broad set of categories including services, food, retail and utilities, official data showed on Monday.

The core inflation rate - the central bank's favoured price measure - rose to 4.4% in June on a year-on-year basis. A Reuters poll of economists had forecast a 4.2% increase in June.

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Headline inflation rose to 6.7%, compared with economists' forecast of 6.2%.

Singapore's central bank tightened its monetary policy in a surprise move on July 14, the fourth tightening in the past nine months. - Reuters


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