Stubborn inflation: People walk along a pedestrian street in Chinatown, Singapore. Overall inflation is expected to come in at around 2.5% for the whole of 2024 and average 1.5% to 2.5% in 2025, said MAS and MTI. — AFP
SINGAPORE: Singapore’s key consumer prices rose slightly faster than expected in September, with core inflation climbing for the second straight month, official data showed on Oct 23.
Despite the past two months’ rise in core inflation, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) still expect it to stay on a gradual moderating trend and reach around 2% by the year-end.
