[Reddishday]

Core consumer prices in Singapore surged at the fastest rate in more than 13 years last month, led by the rising costs of food, electricity and gas.


Core inflation - which excludes accommodation and private transport costs - jumped to 3.6 per cent in May on a year-on-year basis, up from 3.3 per cent in April.


May's inflation is in line with the 3.6 per cent rise forecast by economists in a Bloomberg poll. It is also the highest since December 2008, when core inflation hit 4.2 per cent.


The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said on Thursday (June 23) that core inflation is expected to pick up further in the coming months, before moderating towards the end of the year.


For May, overall consumer prices climbed 5.6 per cent last month, compared to the 5.4 per cent increase in April.

More at https://shrtco.de/i3ZIXc

[Ola]

Core inflation will continue to increase

Worst is Food Inflation that may reach 8% for H2.


https://www.straitstimes.com/business/ec...paign=stfb&utm_medium=social&utm_source=facebook&fbclid=IwAR1x6Cs_4k2UPfnSP8pN6JaXzFPoDjJ0v5BRPIeNIy6m74tHa-oC0EU9WyU

[babygirl]

[Sticw]

Time for CPF min sum to jump too! Huat ah!!!

[drgn]

the worst is hawker food, almost every item increased by at least $1. or 20-30%

[Bigiron]

No worries pap going give $$$$...and they feel that their CDC vouchers is bigger than fairy wheels