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Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
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- Singapore on Monday reported a lower-than-expected rise in consumer prices for April at 1.8% on the back of a smaller increase in services and retail inflation.
- Reuters-polled economists had estimated inflation at 2%.
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Singapore on Monday reported a lower-than-expected rise in consumer prices for April at 1.8% on the back of a smaller increase in services and retail inflation.
Reuters-polled economists had estimated inflation at 2%. Core inflation — which strips out prices of private transport and accommodation — came in at 1.4% compared with expectations of 1.7%.
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