Singapore July Core Inflation Rises 2.0%
Singapore core inflation rose by 2.0% year-on-year in July, falling short of the median Reuters poll forecast of 2.2%. Headline inflation reached 2.2% annually, while the central bank maintains its outlook for elevated price pressures.
Singapore's core inflation rose 2.0% year-on-year in July, falling short of the median forecast of 2.2% in a Reuters poll. The consumer price gauge excludes private road transport and accommodation costs. The softer print arrives after second-quarter GDP expanded 5.9% from a year earlier.
