Singapore’s core inflation posted its softest rise since February 2021, coming in at 0.3% for August as services costs eased.
The figure — which strips out prices of private transport and accommodation — was lower than the 0.5% expected by economists polled by Reuters, and lower than the 0.5% seen in the month before.
Headline inflation in Singapore came in at 0.5%, down from the 0.6% in July.
The Monetary Authority of Singapore said that services inflation fell due to cheaper holiday expenses, airfares and inpatient services.
The largest driver of inflation in August came from private transport, as car prices rose while petrol prices dropped at a slower pace.
