Singapore: Inflation stable in September
October 23, 2019
Consumer prices were unchanged month-on-month in September, contrasting the 0.5% monthly increase in the prior month. The result reflected cheaper transport and communication offsetting rising prices for food and clothing and footwear.
Inflation, meanwhile, was stable at 0.5% in September from the prior month, while annual average inflation inched down from 0.6% in August to 0.5%. The Monetary Authority of Singapore’s core inflation measure, which excludes accommodation and private road transport costs, edged lower to 0.7% in September from 0.8% in August and marked the lowest reading since March 2016.
Author: Jan Lammersen, Economist