Singapore headline inflation grows 2% y-o-y in September while core inflation rises 2.8% y-o-y

Singapore’s headline inflation in September rose 2% y-o-y and 0.3% m-o-m from August, but easing from the 2.2% y-o-y growth seen in the previous month. The lower headline print was mainly due to a sharper fall in private transport costs from a larger decline in car prices and lower petrol prices.

Accommodation inflation also eased due to a smaller increase in housing rents. .