That was slower than the 2.9% median estimate in a Bloomberg survey of economists, and marks the second straight month of deceleration after printing 2.9% in June.
Singapore’s core inflation slowed more than expected in July, opening the room for the island’s central bank to consider loosening monetary policy settings later this year.
Core prices, which exclude private transport and accommodation costs, rose 2.5% from a year ago, according to a statement from the Department of Statistics Singapore on Friday.
