• MAS Core Inflation came in at ‐0.2% on a year‐on‐year (y‐o‐y) basis in June, unchanged from May.
  • This occurred as a steeper drop in the cost of services was offset by higher food inflation, as well as smaller declines in the costs of retail & other goods and electricity & gas.
• Meanwhile, CPI‐All Items inflation was ‐0.5% y‐o‐y in June, compared to ‐0.8% in the previous month.
  • This mainly reflected a smaller decline in private transport costs.

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