Chart of the Day: MAS Core Inflation remains at 2.7%

Excluding the costs of accommodation and private road transport, MAS Core Inflation was stable for the third consecutive month.

The Monetary Authority of Singapore and the Ministry of Trade and Industry reported:

Reflecting the effects of government rebates, inflation as measured by CPI less imputed rentals on OOA (CPI-ex OOA) edged up to 4.4% in June from 4.0% in the preceding month.

Excluding the costs of accommodation and private road transport, MAS Core Inflation was stable at 2.7% for the third consecutive month, as the lower contribution from prices of food, services and oil-related items was offset by stronger y-o-y increases in prices of retail products such as clothing & footwear.