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Singapore inflation marginally higher than expected in September; core at 2.8%, headline at 2%

Sequentially, core CPI edges up 0.1 per cent; headline CPI is up 0.3 per cent

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Elysia Tan

Elysia Tan

Published Wed, Oct 23, 2024 · 01:00 PM
    • Only one category, retail and other goods inflation, recorded higher year-on-year inflation in September, compared with August.
    • Only one category, retail and other goods inflation, recorded higher year-on-year inflation in September, compared with August. PHOTO: BT FILE

    ECONOMISTS remain mixed on the timing of monetary policy easing next year, after Singapore’s core and headline inflation came in a tad higher than expected in September.

    Year on year (yoy), September’s core inflation, which excludes accommodation and private transport, was 2.8 per cent, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Wednesday (Oct 23).

    This was on account of an increase in retail and other goods inflation. It was a touch higher than August’s 2.7 per cent, and the 2.7 per cent median forecast in a Bloomberg poll of private-sector economists.

    Singapore inflationSingapore economyFood pricesenergy pricesOil pricesRents

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