Singapore retail sales up 13.7% in July as growth slows amid higher inflation

Retail sales rose 0.6 per cent from June, on a seasonally adjusted basis. - ST

SINGAPORE (The Straits Times/Asia News Network): Takings at the till in Singapore continued to grow at a slower pace in July as inflation touched new highs.

Retail sales rose 13.7 per cent year on year, cooling from the revised 14.9 per cent growth in June, according to figures released by the Department of Statistics on Monday (Sept 5).