Consumer Price Developments - May 2022Global inflation has remained high amidst elevated global commodity prices and supply chain disruptions driven by the Russia-Ukraine conflict and the regional pandemic situation.
In Singapore, the Consumer Price Index (CPI)-All Items inflation rose to 5.6% year-on-year in May, while the MAS Core Inflation came in at 3.6% year-on-year over the same period.
The Government has rolled out a $1.5 billion support package to provide targeted and immediate relief to households and businesses, and will continue to monitor the situation closely.
Read the full CPI report: https://bit.ly/3Ohpcih
Learn more about the support package: https://go.gov.sg/jun-pr-support-package
