KONTAN.CO.ID - SINGAPORE. Singapore's key consumer price gauge rose 3.4% in August, almost matching economists' forecasts, and easing compared with July's figures due to lower inflation for services, food, retail and other goods, official data showed on Monday. The core inflation rate - which excludes private road transport and accommodation costs - climbed 3.4% year-on-year in August, almost in line with a forecast in a Reuters poll of economists of 3.5%, and lower than the 3.8% seen in July. "Global supply chain frictions have largely eased, and food commodity prices remain below year-ago levels," said a joint statement by the Monetary Authority of Singapore (MAS) and the trade ministry.
Singapore August Core Inflation Rises 3.4%, Seen Easing
KONTAN.CO.ID - SINGAPORE. Singapore's key consumer price gauge rose 3.4% in August, almost matching economists' forecasts, and easing compared with July's figures due to lower inflation for services, food, retail and other goods, official data showed on Monday. The core inflation rate - which excludes private road transport and accommodation costs - climbed 3.4% year-on-year in August, almost in line with a forecast in a Reuters poll of economists of 3.5%, and lower than the 3.8% seen in July. "Global supply chain frictions have largely eased, and food commodity prices remain below year-ago levels," said a joint statement by the Monetary Authority of Singapore (MAS) and the trade ministry.