[Alice Alicia]

Analysts had anticipated that the data would show that price pressures moderated slightly, but stayed elevated, in part due to major concerts held in the city-state that attracted a large number of travelers, boosting service prices. Higher oil prices amid renewed Middle East tensions and geopolitical uncertainty were also seen as supporting oil-sensitive sectors like transport.

Continued high levels of inflation will likely add to expectations the Monetary Authority of Singapore will keep monetary-policy settings tight.

Clearly the expected numbers was intentionally pushed higher to produce this fake headline.

Report said inflation stay elevated.