Core inflation cooled for second straight month with slower price increases across the board.
SINGAPORE - Core inflation in Singapore cooled more than expected in July, with slower price increases recorded across the board.
On a month-on-month basis, which represents how much momentum there still is in prices, core inflation dipped 0.1 per cent, while overall inflation fell by 0.3 per cent. Of all categories, private transport was the only one that bucked the trend, with costs in this group rising 0.9 per cent year on year in July, compared with a fall of 0.7 per cent in June.
Accommodation inflation edged down to 3.1 per cent from 3.3 per cent as housing rents rose at a more modest pace.
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