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2026-05-26 11:17:49
[Maybank: Singapore's core inflation slowed in April, but may be temporary; over 2% expected in the coming months] (1) Maybank economists noted in a report that Singapore's core inflation slowed in April, but this may only be temporary. The core CPI rose 1.4% year-on-year in April, down from 1.7% in March. (2) The impact of rising energy costs is currently concentrated in the fuel and transportation services sectors; companies in other sectors have postponed price increases due to intense competition and concerns about declining demand. (3) However, inflationary pressures may intensify in the coming months as companies in non-transportation and utilities sectors eventually pass on rising input costs to consumers. Maybank expects monthly inflation rates to exceed 2% in the second and third quarters.
