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CNBC

23 Jun 2026, 07:07 UTC · 4h ago

Singapore inflation holds at 1.8% in May, cooler than expected as services costs ease

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Singapore inflation holds at 1.8% in May, cooler than expected as services costs ease

What the story claims

5 claims · each scored for market impact

What matters in this story

1
Singapore's May inflation held steady at 1.8% and core inflation came in at 1.4%, both falling below economist expectations. — Lower-than-expected inflation reduces the immediate pressure on the MAS to further tighten monetary policy.
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2
The MAS warns that elevated energy costs will continue to raise production and transport costs for imported goods and services over time. — Lagging energy cost pass-through creates a persistent inflationary floor that may counteract the current dip in headline figures.
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3
The Ministry of Trade and Industry warned that downside risks to GDP growth have risen significantly due to the U.S.-Israel-Iran conflict. — Heightened geopolitical risk typically dampens investor appetite and threatens the 2% to 4% growth forecast.
-0.30
4

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