1. Press releases
Consumer Price Developments in August 2021
23 September 2021
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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.
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.
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 CPI-All Items picked up by 0.5%.
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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 September 2021