Summary

• MAS Core Inflation edged up to 1.1% on a year-on-year (y-o-y) basis in August, from 1.0% in July.

o The increase was largely driven by higher food inflation and the smaller decline in the cost of retail & other goods.

• CPI-All Items inflation eased slightly to 2.4% y-o-y in August, from 2.5% in July.

o The moderation reflected lower private transport inflation, which more than offset the rise in core inflation.

• On a month-on-month (m-o-m) basis, core CPI rose by 0.2% in August, while CPIAll Items picked up by 0.5%.

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