Annual consumer inflation in Singapore has slowed to 2.4% in June from 3.1% in May, data by Statistics Singapore showed.
It has been the lowest level since August 2021.
The actual figure compares with market consensus of 2.7%.
Last month, inflation eased for:
– housing & utilities (3.7% YoY from 3.8% YoY in May);
– transport (0.3% YoY from 2.9% YoY in May);
– recreation & culture (4.7% YoY from 5% YoY in May);
– healthcare (3.8% YoY from 4.8% YoY in May);
– miscellaneous goods & services (0.8% YoY from 1.6% YoY in May).
At the same time, inflation remained stable for food, at 2.8% YoY, and for education, at 3.3% YoY.
Meanwhile, annual core CPI inflation eased to 2.9% in June from 3.1% in the preceding three months. It has been the lowest core inflation rate since March 2022.
The Singapore Dollar was little changed against its US counterpart on Tuesday, with the USD/SGD currency pair last trading at 1.3460.
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