economy
Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
Core inflation — which strips out prices of private transport and accommodation — came in at 1.4%, against estimates of 1.7%.
TL;DR
- Singapore's April headline inflation was 1.8%, lower than the expected 2%.
- Core inflation in April was 1.4%, below the forecasted 1.7%.
- Imported cost pressures are expected to increase due to global energy and input costs.
- First-quarter GDP growth was revised sharply higher to 6%.
- Monetary Authority of Singapore expects headline and core inflation between 1.5%-2.5% for 2026.
- Singapore manages monetary policy by guiding the Singapore dollar within a policy band against a trade-weighted basket of currencies.