Singapore: Inflation cooled further in June – UOB – by pabspiovano Singapore Banks Inflation CPI
Key Takeaways
Singapore’s headline CPI continued to rise but the pace eased further to 4.5% y/y in Jun, from 5.1% y/y in May, coming off more than our expectations but slightly missing market expectations . Core inflation also eased by a similar magnitude, coming in at 4.2% y/y in Jun, from 4.7% y/y in May and exactly in line with Bloomberg’s median estimates, but slightly above ours .
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