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Market Update: Singapore Inflation Rate Rises to 7-Year High
Singapore’s annual inflation rate jumped to 2.1% in April 2021 from 1.3% a month earlier and compared with the market consensus of 2%. This was the highest reading since May 2014, amid strengthening consumption in the wake of the coronavirus pandemic. Core consumer prices, which exclude accommodation and private road transport costs, increased by 0.6% yoy, the highest since December 2019, after a 0.5% rise in March and compared with forecasts of 0.9%. On a monthly basis, consumer prices fell by 0.2% in April, after a 0.2% gain in March. source: Statistics Singapore [/s2If]
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