1. Press releases
Consumer Price Developments in August 2024
23 September 2024
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Summary
MAS Core Inflation rose to 2.7% on a year-on-year (y-o-y) basis in August, from 2.5% in July.
This was largely due to an increase in services inflation.
On a month-on-month (m-o-m) basis, core CPI picked up by 0.3%.
CPI-All Items inflation eased to 2.2% y-o-y in August, from 2.4% in July.
This was primarily driven by a fall in private transport prices, which more than offset the increase in core inflation.
On a m-o-m basis, CPI-All Items rose by 0.7%.
Download the full press release [PDF, 313 KB].
MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 September 2024