Staff Reporter
,
Singapore
It's less than what was expected.
July inflation rate was expected to rise by 2.05% from a year ago based on Reuters' poll of economists.
Inflation in July is slightly higher from June's 1.8% thanks to recovery in trasport costs after two months of consecutive decline.
According to a joint statement by the Monetary Authority of Singapore and the Ministry of Trade and Industry, private road transport costs edged up 2% in July compared to the 2.1% drop in June.
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