Core inflation hits two-year high

Core inflation, which excludes accommodation and private road transport costs, rose to 1.1% on a year-on-year basis last month, up from 1% in July, partly due to low base effects. This was the highest increase since the key indicator hit 1.2% in June 2019.

SINGAPORE: Core inflation in Singapore rose by the fastest pace in more than two years in August, lifted by higher food prices and a smaller decline in the cost of retail and other goods.

Core inflation, which excludes accommodation and private road transport costs, rose to 1.1% on a year-on-year basis last month, up from 1% in July, partly due to low base effects. This was the highest increase since the key indicator hit 1.2% in June 2019.