Singapore inflation remains at a 4-year minimum when the city state is preparing for the election

Singapore inflation In March, they stayed for more than four years, and the city’s consumer price index increased by 0.9%a year.

This was lower than the reuters survey of 1.1%, and the same as 0.9% in February.

Reading inflation comes when Singapore is preparing for the May 3 election, and campaigning, starting with Wednesday when the candidates submitted their nomination documents.

Said Prime Minister Lawrence Wong in Video on Tuesday This pressure on life was a “true concern” for Singapore. “This is from the wars in Europe and the Middle East from the interruptions in the global supply chain, and now from the tariffs and trade wars,” Wong said.

Singapore reduced its monetary policy The second consecutive one in April, since this year the city state perceives zero growth as an opportunity after placing a lower than expected, GDP expansion by 3.8% for the first quarter. The latter reading allows for more opportunities for the country to facilitate policy and increase growth.

Singapore’s quarterly GDP growth last year missed the expectations of 4.3% of the economists surveyed by Reuters, and was lower than 5% of the extension, noticed in the last quarter of 2024.

The Ministry of Trade and Industry of the country lowered GDP forecast to 0% -2% in 2025, which, compared to the previous forecast by 1% -3% -Mas, also predicted GDP growth by 0% -2% in 2025.

In the release, MTI said the growth slowdown occurred because of the decline in production, as well as in some services such as financing and insurance.