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Singapore's June core inflation stays unchanged at -0.2 per cent

Economists expect MAS to hold foreign exchange policy steady at its next policy meeting in October

Janice Heng
Published Thu, Jul 23, 2020 · 09:50 PM

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    Singapore

    SINGAPORE'S core inflation stayed unsurprisingly negative for the fifth straight month in June at -0.2 per cent year on year, unchanged from May, according to the Department of Statistics consumer price index (CPI) figures on Thursday.

    Both core and headline inflation figures for June were in line with economists' estimates. Headline inflation saw its third month in negative territory at -0.5 per cent year on year, compared with -0.8 per cent in May, mainly due to a smaller decline in private transport costs.

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