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Consumer Price Developments in September 2020

Consumer Price Developments in September 2020

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.
    • 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.
    • This was largely due to a more gradual decrease in private transport costs.

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