On a m-o-m basis, core inflation rose by 0.2% due to higher costs for services and food while headline inflation fell by 0.2% due to lower accommodation and private transport costs.
Singapore’s headline and core inflation figures eased again in July. Monetary Authority of Singapore (MAS) core inflation fell to 3.8% on a y-o-y basis due to a small increase in food prices and a fall in electricity and gas costs.
Headline inflation or CPI-All Items inflation, which includes accommodation and private transport, eased to 4.1% y-o-y due to lower private transport inflation as well.
