MAS Core Inflation eased to 0.8% on a year-on-year (y-o-y) basis in July, from 1.2% in June, mainly on account of a fall in the prices of retail & other goods1, a larger decline in the cost of electricity & gas2, as well as lower services inflation. CPI-All Items inflation moderated to 0.4% y-o-y in July, from 0.6% in the previous month, due to lower core inflation, even as accommodation costs registered a smaller decline and private road transport inflation rose.
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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 August 2019