Singapore’s core inflation rate reached 1.4 percent in April while the overall inflation rate stood at 1.8 percent, according to official data released on May 25. Core prices rose 0.2 percent month-on-month and the overall CPI fell 0.3 percent month-on-month. First-quarter GDP growth was revised upward to 6 percent.
No left-leaning sources covered this
“Singapore’s core inflation eases to 1.4% in April after two months of increases”
Read at CNA →No right-leaning sources covered this
April’s core inflation drop below forecast offers modest relief for working households via lower food and energy costs, yet MAS tightening risks prioritizing stability over employment.
“Cost-of-living pressures on lower- and middle-income groups”
Core inflation falling to 1.4 percent validates the MAS April tightening and shows price stability can coexist with 6 percent Q1 growth.
“Disciplined monetary policy and long-term purchasing power”
Lower inflation preserves real wages and savings but reflects recurring central-bank expansion followed by corrective tightening rather than market-driven outcomes.
“Discretionary monetary power versus individual planning”
All three views over-attribute the single-month reversal to MAS policy while ignoring base effects, category volatility, and the exchange-rate regime.
“Timing mismatch and omitted data on wages and transmission”
Ratings by MBFC