Singapore's annual core inflation rate 0.6% in May, matching poll forecast
SINGAPORE, June 23 (Reuters) - Singapore's key consumer price gauge rose 0.6% in May from a year earlier, official data showed on Monday, matching economists' forecasts.
The core inflation rate, which excludes private road transport and accommodation costs, was in line with a forecast rate of 0.6% in a Reuters poll of economists.
Headline inflation was 0.8% in annual terms in May, also matching the median poll forecast of 0.8%.
It was the fifth consecutive month where the annual core rate was below 1%.
Singapore's growth outlook has dimmed due to the economic uncertainty from U.S. tariffs. In April, the central bank loosened monetary policy for the second time this year and lowered forecasts for both core and headline inflation to 0.5% to 1.5%.
Singapore has also downgraded its GDP forecast for 2025 to 0% to 2% growth, with officials saying the city-state faces a risk of recession and job losses.
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