SINGAPORE (The Straits Times/ANN): Core inflation in Singapore continued its upward climb in May, driven by higher services inflation and a smaller decline in the cost of retail and other goods.
Core inflation, which excludes accommodation and private road transport costs, rose to 0.8 per cent on a year-on-year basis last month, up from the 0.6 per cent recorded in April. This is the fourth straight month that core inflation has risen, after spending a year in negative territory.
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