Singapore July core inflation 2.5% y-o-y, lowest in more than two years

People walk towards the Merlion park along Marina Bay in Singapore. — AFP

SINGAPORE: Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday.

The core inflation rate - which excludes private road transport and accommodation costs - was lower than a 2.9% forecast in a Reuters poll, and compared with the 2.9% seen in June.