Summary

• MAS Core Inflation edged down to 0.6% on a year-on-year (y-o-y) basis in May from 0.7% in April.
  • This was mainly driven by lower food inflation.
  • On a month-on-month (m-o-m) basis, core inflation eased to 0.0% in May.
• CPI-All Items inflation fell to 0.8% y-o-y in May, from 0.9% y-o-y in April.
  • This was due to lower private transport inflation, in addition to slower core inflation.
  • On a m-o-m basis, CPI-All Items rose by 0.7%.

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MONETARY AUTHORITY OF SINGAPORE

MINISTRY OF TRADE AND INDUSTRY

23 JJUNE 2024