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Investing.com -- Singapore’s core inflation rate rose 0.6% in May from a year earlier, matching economist expectations, according to official data released Monday.
The core inflation figure, which excludes private road transport and accommodation costs, aligned perfectly with the 0.6% forecast economists had predicted.
Meanwhile, headline inflation reached 0.8% in annual terms for May, also exactly matching economist projections.
The data provides a clear picture of Singapore’s current inflation environment, with both core and headline measures coming in precisely as anticipated by market watchers.
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