Singapore's annual inflation topped economists' forecast in April, data released by Statistics Singapore showed Wednesday.
The consumer price index increased 5.4 percent on an annual basis in April, faster than the 5.2 percent growth seen in March. Economists expected the rate of inflation to remain unchanged.
Food prices advanced 2.4 percent annually, while clothing and footwear prices moved up 1.3 percent. There was an 11.1 percent gain in housing costs during the month, and a 7.5 percent rise in transportation costs.
On a monthly basis, consumer prices rose 0.5 percent in April. In the January-April period, prices advanced 5 percent from the corresponding period a year earlier, the agency said.
by RTT Staff Writer
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