Singapore, June 24 -- Singapore's core inflation stood at 1.4% in May, unchanged from the previous month, as higher food and retail goods prices were largely offset by a decline in services inflation. According to a joint statement released on June 23 by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI), May's core inflation came in below the 1.6% median forecast of analysts. Core inflation excludes the costs of accommodation and private transport and is used by the MAS to assess underlying price trends in the economy. Meanwhile, headline inflation remained unchanged at 1.8% in May, the same level recorded in April. On a month-on-month basis, core consumer price index rose 0.7%. MAS and MTI noted that ...