MAS Core Inflation edged down to 1.2% on a year-on-year (y-o-y) basis in June, from 1.3% in May, due to lower services and retail inflation, as well as a steeper decline in the cost of electricity & gas. CPI-All Items inflation moderated to 0.6% y-o-y in June, from 0.9% in the previous month. Apart from lower core inflation, this also reflected a fall in private road transport inflation and a larger drop in accommodation costs.

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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 July 2019