The lower headline inflation was due to the lower core and accommodation inflation and offset by higher inflation for private transport due to a steeper increase in car prices.
Singapore’s headline consumer price index (CPI) moderated further to 4.0% in August on a y-o-y basis, down from June’s 4.5% reading and down from 4.1% in July.
The Monetary Authority of Singapore’s (MAS) core inflation, which excludes private transport and accommodation, also eased to 3.4% on a y-o-y basis.
