Singapore still stuck with negative inflation despite uptick in June

Headline inflation came in at -0.3%.

Singapore's headline inflation registered at -0.3% in June, a marginal increase from -0.4% in May.

The Ministry of Trade and Industry (MTI) said that the slight gain was mainly on account of larger increases in the costs of services, food, and private road transport.

Services inflation increased slightly to 0.5% in June on back of higher costs of hotel stays and telecommunication services.

Food inflation picked up to 2.0%, from 1.8% in the previous month, reflecting sharper price increases for hawker meals and restaurant food.

Meanwhile, MAS Core Inflation edged up slightly to 0.2%, compared to 0.1% in the previous month, given increased contributions from services and food costs.