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Press Release
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23 OCT 2020
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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