Core inflation hits a 14-year high of 3.6%

The increase was due to stronger inflation across all expenditure divisions.

Core inflation rose to 3.6% in May, its highest level since 2008 on the back of faster price increases in all expenditure divisions.

Compared to the previous month, core inflation picked up by 0.4%. Core inflation is the rate of price increase excluding private transport and accommodation costs.

In a joint statement, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said the uptick in the core inflation was on the back of strong inflation across all expected divisions.

Meanwhile, the core inflation also pushed up headline inflation to 5.6% from 5.4$ in April.

In the coming months, MAS said core inflation will pick up further, "before moderating towards the end of the year as some of the external inflationary pressures recede."

For the year as a whole, MAS core inflation is projected to average 2.5–3.5%.

Follow the link for more news on

core Inflation

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia