Summary

• MAS Core Inflation came in at -0.1% on a year-on-year (y-o-y) basis in September, compared to -0.3% in August.
o The milder pace of decline was mainly driven by smaller reductions in the costs of services and electricity & gas.

• CPI-All Items inflation was 0% y-o-y in September, up from -0.4% in August.
o This was largely due to a more gradual decrease in private transport costs.

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