Consumer Price Developments - June 2022The economic environment remains challenging, due to protracted supply disruptions as a result of the Russia-Ukraine conflict and the regional pandemic situation, which have fuelled global inflationary pressures.
In Singapore, Consumer Price Index (CPI)-All Items inflation rose to 6.7% year-on-year in June, while MAS Core Inflation came in at 4.4% year-on-year over the same period.
Inflation is likely to remain elevated in the months ahead. The Government will continue to monitor the situation closely, and provide businesses and households with further support if necessary.
Read the full CPI report here: https://go.gov.sg/cpi-june2022
