Singapore May core inflation steady at 3.1%

SINGAPORE — Singapore's annual core inflation rate was unchanged in May from April, official data showed on Monday, as an increase in the cost of services was offset by lower prices of energy and goods.

The core inflation rate, which excludes private road transport and accommodation costs, came in at 3.1 percent in May from a year ago, slightly higher than the 3.0 percent forecast by a Reuters poll of economists and unchanged from April and March.