Singapore's consumer price inflation softened unexpectedly at the start of the year, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.
The consumer price index rose 1.2 percent on a yearly basis in January, slower than the 1.5 percent increase in December. Meanwhile, economists had expected inflation to rise to 2.2 percent.
Data showed that core inflation also eased to 0.8 percent in January from 1.7 percent in December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.