Economic Indicators
Singapore August core inflation rises 5.1% vs forecast 5.0%
2022.09.23 01:12
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© Reuters. Shoppers wearing protective face masks cross a street in Singapore’s Orchard Road shopping district during the coronavirus disease (COVID-19) outbreak in Singapore, August 17, 2020. REUTERS/Edgar Su
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5.1% in August, slightly more than forecast, driven by larger increases in the prices of services and food, official data showed on Friday.
The core inflation rate — the central bank’s favoured price measure – rose to 5.1% in August on a year-on-year basis. A Reuters poll of economists had forecast a 5.0% increase in August. Headline inflation rose to 7.5%, compared with economists’ forecast of 7.2%.
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