In September, Singapore's core inflation rose to 2.8% YoY, driven by higher retail costs.

In September, Singapore's core inflation rose to 2.8% year-on-year, up from 2.7% in August, driven by higher retail costs. Meanwhile, overall inflation eased to 2.0%, the lowest since March 2021, due to falling private transport costs. The Monetary Authority of Singapore forecasts core inflation to stabilize around 2% by the end of 2024, with various risks influencing the outlook, including labor market conditions and geopolitical tensions.

October 22, 2024
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