Singapore April core inflation at 3.1% y/y, matching forecasts

People sit on the steps near the Merlion statue near the Marina Bay waterfront in Singapore on January 3, 2024. (Photo by Roslan RAHMAN / AFP)

SINGAPORE: Singapore's key consumer price gauge rose 3.1% in April on a yearly basis, in line with economists' forecasts, official data showed on Thursday.

The core inflation rate, which excludes private road transport and accommodation costs, matched both the forecast in a Reuters poll of economists and the 3.1% reading in March.