Singapore Core Inflation at 0.3% Y/Y in August, Lowest in More Than 4 Years

Reuters09-23

SINGAPORE, Sept 23 (Reuters) - Singapore's key consumer price gauge rose 0.3% in August from a year earlier, the smallest annual increase since February 2021, official data showed on Tuesday.

The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forecast of 0.5% in a Reuters poll of economists and a 0.5% reading in July.

Headline inflation was 0.5% in annual terms in August, lower than poll forecast of 0.6%.

The MAS has forecast core inflation of 0.5% to 1.5% in 2025. The next monetary policy review is scheduled for October.

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Comments

  • Jane Nov
    09-23
    Jane Nov
    What happens to REIT prices if CPI goes down
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