Singapore’s core inflation inches up to 0.4% in September, above forecasts

[SINGAPORE] Economists expect monetary policy to stay unchanged next January, as core and headline inflation came in higher than expected in September.

This was driven by an increase in the prices of retail and other goods, data from the Department of Statistics showed on Thursday (Oct 23).

September’s core inflation, which excludes accommodation and private transport, was 0.4 per cent. This was more than the 0.3 per cent in August and the median forecast of 0.2 per cent by private-sector economists polled by Bloomberg.