, Singapore

Core inflation inches up to 1.2% YoY in September

CPI-All items inflation also increased to 2.5% YoY.

The Monetary Authority of Singapore (MAS) core inflation edged up to 1.2% on a year-on-year (YoY) basis in September. Month-on-month (MoM), it rose by 0.2%.

The increase can be attributed to food inflation, MAS said.

Consumer price index-all items inflation, on the other hand, also recorded an increase to 2.5% YoY; 0.4% MoM. This is due to higher inflation from accommodation and food. Inflation of 1.9% and 1.6%, were recorded respectively from the two. 

Electricity and gas also experienced an increase of 0.2% to 9.9%, due to the Open Electricity Market’s increase in prices. 

Both services and private transport inflation, meanwhile, were unchanged in the face of this at 1.2% and 10.8%, respectively.

OCBC Bank’s Head of Treasury Research & Strategy Selena Ling said that this increase was due to several other factors, such as transport costs, housing and utilities, and healthcare costs. Pegged at 8.3%, 2.3%, and 1.8% YoY respectively, these offset the price declines in clothing and footwear and communication at -5% and -2.2% YoY.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!