Singapore’s Core Inflation Further Increases to 5.3% in September

According to the department of statistical consumer price index (CPI), Singapore’s core inflation rose further to 5.3% in September, but headline inflation remained at 7.5%, both in line with economists’ expectations.

The monetary authority of Singapore (MAS) and the ministry of trade and industry (MTI) kept their full-year expectations for headline inflation at 6.0% and core inflation at 4%.

Core inflation was on account of larger price increases for items including food, services, and retail and other goods, and headline inflation includes accommodation and private transport costs.