Singapore CPI Seen Rising

Singapore’s consumer price index in May likely rose 1.4% from a year earlier, a Reuters poll showed, above the previous month’s 0.4% increase thanks to a low base for the prior year. In May 2016, Singapore’s headline CPI fell 1.6% on a annual basis, due to lower accommodation costs thanks to public housing service and conservancy rebates given that month. In May, core inflation likely increased 1.6% from a year earlier, the poll showed, slowing slightly from April’s 1.7%, the fastest pace since October 2014.