Singapore Core Inflation Slows to 0.5% in July, Below Expectations
Singapore’s key consumer price index (CPI) rose 0.5% year-on-year in July, official data showed on Monday, coming in lower than economists’ forecasts.
The core inflation rate, which excludes private road transport and accommodation costs, fell short of market expectations. Economists in a Reuters poll had forecast a 0.6% rise, but the actual increase came in slightly weaker.
Meanwhile, Singapore’s headline inflation stood at 0.6% in July on an annual basis, also undershooting the 0.7% increase expected by economists. The softer data suggests easing price pressures in the city-state’s economy.
