Singapore: Singapore’s key inflation gauge in July cooled to the slowest pace of gains in four months.
The core inflation rate, which excludes housing and private transportation costs, stood at 0.5% in July from a year earlier, the lowest since March, according to a statement by the Department of Statistics Singapore yesterday. That’s lower than the 0.6% for both June and the median estimate in a Bloomberg News survey.
The overall inflation rate last month came in at 0.6% from a year ago, lower than the 0.8% survey median estimate. Recreation prices fell 1.2%, after a 2.6% drop in June. The food inflation rate was 1.1% in July, while healthcare costs rose 2.4%. — Bloomberg
