What is the current core inflation rate in Singapore, and what does it indicate?

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Singapore's Core Inflation Eased to 1.4 Per Cent in April

Singapore's core inflation rate saw a decrease to 1.4 per cent in April, down from 1.7 per cent in the preceding month. This easing suggests a slight moderation in price pressures, although imported cost pressures are anticipated to rise in the coming months due to increased energy and input costs.
Easing of Inflationary Pressures

The core inflation rate, which excludes the costs of accommodation and private road transport, declined to 1.4 per cent in April. This marks a notable reduction from the 1.7 per cent recorded in March, indicating a cooling trend in the underlying price increases within the economy.
Anticipation of Future Cost Increases

Despite the recent dip, there are expectations that inflation could rise in the near future. This outlook is attributed to potential increases in imported cost pressures, as higher energy prices and other input expenses are likely to be passed through global supply chains.
Broader Economic Uncertainties

The current economic climate is characterised by significant uncertainties, including the ongoing developments in West Asia and broader global economic risks such as trade tensions and financial market stability. These factors continue to influence global markets and suggest that the upcoming months may present challenges.
Government's Preparedness for Support

In light of these economic uncertainties, the Singaporean government has affirmed its readiness to provide further assistance to households and businesses if required. This commitment is underpinned by years of prudent fiscal management, which has positioned the government to effectively support its citizens and enterprises through challenging periods.

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What is the current core inflation rate in Singapore, and what does it indicate?

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