Singapore’s core inflation eases to 2% in September on lower services, retail prices
A “sharp and sustained surge” in global energy or food prices could lift Singapore’s import costs by more than projected, say MAS and METI.
Singapore's core inflation eased to 2% year-on-year in September, falling from 2.2% in August, according to official figures released on Friday (Oct 23). This decline was primarily due to lower inflation in services, retail, and other goods, as well as private transport, according to the Monetary Authority of Singapore (MAS) and the Ministry of Energy, Trade and Industry (METI).
Core prices, which exclude accommodation and private transport, rose by 0.1% month-on-month in September, while overall inflation, measured by the Consumer Price Index-All Items, fell to 2.2% year-on-year in September from 2.3% in August.
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Also reported by 7 other outlets
- Singapore’s core, headline inflation moderate slightly in September to come in under consensus estimates businesstimes.com.sg
- UK retail sales fall 0.4% in September as consumer confidence hits six-month low investing.com
- Singapore’s core inflation eases to 2% in September straitstimes.com
- Singapore's core inflation rate rises to 2% in September, below forecast brecorder.com
- Singapore's core inflation rate rises to 2pct in September, below forecast nst.com.my
- Singapore’s core inflation eases to 2% in September on lower services, retail prices channelnewsasia.com
- UK retail sales rise 0.8% Y/Y in September, below expectations seekingalpha.com
