Singapore core inflation at 1.4% on year in April, lower than expected

SINGAPORE, May 25 (Reuters) – Singapore’s key consumer price gauge rose ​1.4% in April ‌from a year earlier, official data showed on Monday, below economists’ expectations.

The ‌core ​inflation ⁠rate, which excludes ⁠private road transport and accommodation costs, was lower than the median ​forecast of 1.7% in a Reuters ⁠poll. Headline ⁠inflation was 1.8% ​in annual terms in ​April, also lower than ‌the 2.0% seen in the poll.

In April, the central bank ⁠tightened monetary policy and raised its 2026 forecasts for ⁠both ‌core inflation ⁠and headline inflation ​to ‌a range of ​1.5% to ⁠2.5%, up from 1% to 2% previously.

(Reporting by Jun Yuan Yong; Editing by Martin ​Petty)