SINGAPORE: Singapore's inflation slowed to 5% in May from a year earlier and authorities cited moderating price pressures from wages and other business costs, indicating the central bank might have room to ease monetary policy slightly in October.
The May inflation was slightly below the median estimate of 5.1% of 11 economists polled by Reuters and a sharp improvement over April's 5.4%, the highest rate in 2012.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
