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Singapore Inflation August 2021

Singapore: Inflation eases in August

Consumer prices rose 0.55% in August over the previous month, swinging from the 0.19% drop seen in July. August’s reading was mainly driven by rebounding price pressures for housing, while food prices also rose at a faster rate than the month prior.

Inflation fell to 2.4% in August, easing slightly from July’s 2.5%. Annual average inflation ticked up to 1.1% in August (July: 0.9%). Lastly, core inflation edged down to 2.6% in August, from the previous month’s 2.8%.

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