Singapore May core inflation at 3.1% y-o-y

FILE PHOTO: A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. Picture taken June 28, 2017. REUTERS/Darren Whiteside/File Photo

SINGAPORE: Singapore's annual core inflation rate was unchanged in May from April, official data showed on Monday, as an increase in services prices was offset by lower electricity and gas and retail and other goods inflation.

The core inflation rate, which excludes private road transport and accommodation costs, came in at 3.1% in May from a year ago, slightly higher than the 3.0% forecast by a Reuters poll of economists and unchanged from April and March.