While there was higher food as well as retail and other goods inflation, these were mostly offset by lower services inflation, said the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).
Singapore
While there was higher food as well as retail and other goods inflation, these were mostly offset by lower services inflation, said the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).
File photo of workers in Singapore's central business district.
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This was due to lower inflation in services and retail and other goods, said the Monetary Authority of Singapore and the Ministry…
Core inflation, which strips out accommodation and private transport costs, came in at 1.4%
Core inflation — which strips out prices of private transport and accommodation — came in at 1.4%, against estimates of 1.7%.
Headline inflation in Singapore came in at 0.5%, down from the 0.6% in July.
Singapore's core inflation remains steady in May, but authorities warn of future price hikes due to rising energy costs. Read…
The reading was lower than Reuters-polled analysts' median estimates of 1.3%.
