In July, MAS Core Inflation, which doesn’t include private transport and accommodation inflation, rose to 4.8% y-o-y, again surpassing the central bank’s full-year estimate of 3.0% - 4.0%.
Singapore’s core and headline inflation have continued to grow in the month of July.
During the month, the country’s all-items CPI rose to 7.0%, surpassing the 5.0% - 6.0% range estimated by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) for 2022.
