Singapore's core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation has surged to a 13-year high, driven by rising prices of food and utilities. It was 3.6% in May on a year-on-year basis. Including private transport and accommodation costs, headline inflation accelerated to 5.6%. All sectors saw…

Some retailers report surge in sales for "ugly food"

Some retailers report surge in sales for “ugly food”

Some retailers in Singapore are reporting a surge in sales for less-than-perfect produce and excess food from restaurants. They say the demand comes against the backdrop of rising prices and growing eco-consciousness among shoppers here. Subscribe to our channel here:…

Singapore's core inflation rises to 3.3% in April

Singapore’s core inflation rises to 3.3% in April

Singapore’s core inflation in April has risen to a new 10-year high of 3.3 per cent, driven by rising prices in food, retail and energy. Economists expect prices to keep rising as borders reopen and tourism demand picks up. Subscribe…

MAS tightens monetary policy in surprise off-cycle move over inflation risks

MAS tightens monetary policy in surprise off-cycle move over inflation risks

Economists have welcomed Singapore’s move to tighten monetary policy to counter rising inflation, but they cautioned that more needs to be done to bring prices under control. The central bank will allow the Singapore dollar to appreciate slightly. This is…