Singapore Aug core inflation rises 3.4%, seen easing

SINGAPORE: Singapore's key consumer price gauge rose 3.4% in August, almost matching economists' forecasts, and easing compared with July's figures due to lower inflation for services, food, retail and other goods, official data showed on Monday.

The core inflation rate - which excludes private road transport and accommodation costs - climbed 3.4% year-on-year in August, almost in line with a forecast in a Reuters poll of economists of 3.5%, and lower than the 3.8% seen in July.