{
  "id": 2946898,
  "title": "Core and headline inflation rise but remain below economist estimates in July; electricity prices rise sharply",
  "url": "https://urgent.news/2026/08/24/core-and-headline-inflation-rise-but-remain-below-economist-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T05:02:14.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/core-and-headline-inflation-rise-remain-below-economist-estimates-july-electricity-prices-rise"
  },
  "original_language": "en",
  "account": "In July 2023, core inflation in Singapore, which excludes accommodation and private transport, rose to 2% from June's 1.6%, according to the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). The headline inflation figure also increased to 2.2% from June's 1.9%, driven by a rise in accommodation costs alongside higher core inflation. Both figures were below the median estimates of economists, with core inflation expected to be around 2.2% and headline inflation around 2.4%. On a month-on-month basis, the core consumer price index (CPI) increased by 0.3%, while the all-items CPI declined by 0.2%. The rise in core inflation was attributed to increases in electricity and gas tariffs, services, and food prices. Electricity prices saw an 8.7% increase in July, while services inflation rose to 1.7% and accommodation inflation increased to 0.8%. Food inflation also slightly increased to 2.2%. Despite these increases, the authorities maintained their 2026 inflation forecast range for both core and headline inflation between 1.5% and 2.5%.",
  "summary": "Core inflation, which excludes accommodation and private transport, rises to 2% in July from June’s 1.6%",
  "key_points": [
    "Core inflation in Singapore rose to 2% in July",
    "Headline inflation increased to 2.2% in July",
    "Electricity prices surged 8.7% in July"
  ],
  "editors_take": "The July inflation figures, coming in below economist estimates, suggest that Singapore's inflationary pressures remain contained, with authorities maintaining their 2026 forecast range amid varied price increases.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}