Singapore's inflation remained at 1.8% in May, below economists' forecasts and unchanged from April. Core inflation also fell short at 1.4%. This comes after the Monetary Authority of Singapore tightened monetary policy in April due to inflation risks.
Japan's core inflation rate remained at 1.4% in May, matching economists' expectations. Headline inflation rose slightly to 1.5%, while core-core inflation eased. This comes as the Bank of Japan raised interest rates and warned of potential overshooting of its 2% target due to energy prices.
Singapore's inflation rate fell to 1.8% in April, lower than the 2% expected by economists, with core inflation at 1.4%. This comes as Q1 GDP growth was revised up to 6%.
Japan's core inflation fell to 1.4% in April, the lowest since March 2022, below economists' expectations. Headline inflation also declined, further below the BOJ's target, potentially delaying a rate hike despite economic growth.
Japan's core inflation fell to 1.4% in April, below economists' 1.7% forecast and the BoJ's 2% target. This easing may delay a rate hike, despite a strong Q1 economic expansion.
Japan's core inflation accelerated to 1.8% in March, the first rise in five months, driven by Iran war-fueled higher energy prices. Headline inflation remained below the Bank of Japan's 2% target at 1.5%. Prime Minister Sanae Takaichi is considering capping gasoline prices at 170 yen per liter. The BOJ is expected to hold rates at 0.75% at its April 27-28 meeting, with Citi noting the hold will likely be hawkish.
Japan's core inflation accelerated to 1.8% in March, the first rise in five months, driven by Iran war-fueled higher energy prices. The figure matched economist expectations and exceeded February's 1.6%. Headline inflation remained below the Bank of Japan's 2% target at 1.5%. The BOJ is expected to hold rates at 0.75% at its April 27-28 meeting, with Citi describing the hold as likely "hawkish" due to yen depreciation concerns and inflation risks. The central bank will cut its FY2026 growth forecast while revising up inflation projections.
