Singapore core inflation hits 1-year low in April

Credit: REUTERS/EDGAR SU

Singapore's April core inflation eased to its lowest level in a year, data showed on Thursday, due to a fall in cost of electricity and gas and lower food inflation.

SINGAPORE, May 23 (Reuters) - Singapore's April core inflation eased to its lowest level in a year, data showed on Thursday, due to a fall in cost of electricity and gas and lower food inflation.

Singapore's core inflation rose 1.3% in April from a year earlier, easing from the previous month's 1.4% rise and matching forecasts in a Reuters poll.

Singapore's headline consumer price index, however, edged higher in April to 0.8% from a year ago due to higher private road transport costs. The print also matched forecasts.

In March, headline CPI rose 0.6% from a year ago.

(Reporting by Fathin Ungku; Editing by Shreejay Sinha)

((fathin.ungku@thomsonreuters.com))

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