SINGAPORE, May 23 Reuters Singapore39;s key consumer price gauge rose in April at its fastest pace in a decade, driven by higher inflation for food, official data showed on Monday.
The core inflation rate the central bank39;s favoured price measure rose to 3.3 in April on a yearonyear basis, the highest since February 2012. A Reuters poll of economists had forecast a 3.4 increase.
Headline inflation rose to 5.4, the fastest since April 2012, compared with economists39; forecast of 5.5.
Singapore39;s central bank tightened its monetary policy last month, making a double barrel move, as the citystate ramped up its battle against soaring prices made worse by the Ukraine war and global supply snags.
Reporting by Chen Lin; Editing by Martin Petty
Source Reuters