Faster Singapore inflation bolsters case for more tightening; key core inflation gauge jumps to the highest level in almost 14 years

SINGAPORE, July 25 (Bloomberg): Singapore’s key core inflation gauge jumped to the highest level in almost 14 years, boosting the case for the central bank to continue tightening monetary policy even after three moves this year.

The core inflation print, which excludes private transport and accommodation, rose by 4.4% in June from a year ago, according to a joint statement from the Monetary Authority of Singapore and the Ministry of Trade and Industry on Monday.