Singapore’s core inflation climbs to 2.2% in August

Overall inflation increased to 2.3 per cent in August, from 2.2 per cent in July, as higher core inflation more than offset lower private transport inflation.

Listen Summarise Singapore’s core inflation rose to 2.2% in August, driven by higher prices in services, retail goods, and food, while private transport inflation eased slightly. Electricity and gas prices remained high due to global energy costs, likely causing further tariff increases in the fourth quarter. Experts expect the Monetary Authority of Singapore to keep policy steady in October, despite ongoing inflation pressures and economic uncertainty. AI generated

SINGAPORE – Singapore’s core inflation rose in August, driven by higher inflation for services, retail and other goods, and food.