Singapore's inflation peak may be over, say authorities

SINGAPORE (Vietnam News/ANN): Singapore (VNA) – Singapore’s inflation cooled in June for the second consecutive month, with an overall rate of 4.5%, down from the 5.1% in May and core inflation at 4.2%, down from 4.7% of the previous month.

This sends out a signal that the country's inflation has passed its peak, according to the country's Monetary Authority of Singapore (MAS) or the central bank, and the Ministry of Trade and Industry (MTI).