April Inflation Steady: Economists Adjust Year-End Predictions Amid Stable Trends

• Stable Inflation Rates: Singapore’s headline and core inflation rates in April remained at March's levels, matching economists' expectations.

• Official Forecasts Unchanged: Despite stable inflation figures, official forecasts for the year remain the same.

• Private-Sector Adjustments: Some private-sector economists revised their full-year headline inflation predictions downward.

• Specific Inflation Rates: April's headline inflation was 2.7%, and core inflation was 3.1%, consistent with economists’ median estimates.

• Monthly CPI Changes: On a month-to-month basis, the overall consumer price index (CPI) rose by 0.1%, while core CPI increased by 0.4%.

• Transport and Accommodation Costs: Increased private transport costs were balanced by lower accommodation inflation.

• Sector-Specific Inflation: Electricity and gas saw the highest inflation at 7.6%, while retail inflation rose due to increased water prices and personal effects costs. Food and services inflation eased.

• Economists' Insights: Economists noted the "well-behaved" inflation trends and the limited impact of Middle East tensions on energy prices, with a specific mention of the "encouraging" deceleration in food inflation.

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