Singapore consumer price inflation eased slightly in May to the lowest level in more than four years amid lower food and private transport costs, official data showed Monday.
Consumer prices rose 0.8 percent annually in May, after a stable increase of 0.9 percent in April, the Monetary Authority of Singapore reported. That was in line with expectations.
Further, this was the weakest inflation since February 2021, when prices had risen 0.7 percent.
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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.