Singapore's core inflation in June hits new high of 4.4%

SINGAPORE, July 25 (The Straits Times/ANN): Prices continued to climb in June with core inflation hitting 4.4 per cent on a yearly basis - surpassing the previous high of 4.2 per cent in December 2008.

Core inflation, which excludes costs of private transport and accommodation to get a better gauge of Singaporeans' average bills, went up due to higher prices in food, retail and utilities.