Consumer Price Developments in August 2016
CPI-All Items inflation was -0.3% year-on-year (y-o-y) in August, compared to -0.7% in July. The smaller decline largely reflected a moderation in the fall in private road transport cost. MAS Core Inflation came in at 1.0%, unchanged from the preceding month, as higher services inflation offset the more modest increase in food prices.
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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 September 2016