Singapore full-year inflation forecast raised to 1-2%; core inflation eases to 0.6% in June

A bigger drop in the price of retail and other goods was broadly offset by the pickup in private transport and accommodation costs. - ST

SINGAPORE (The Straits Times/ANN): The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Friday (July 23) raised their full-year forecast for overall inflation to between 1 per cent and 2 per cent, up from the range of 0.5 per cent to 1.5 per cent previously.

The forecast for core inflation was kept unchanged, at 0 per cent to 1 per cent.