• MAS Core Inflation eased to 2.9% on a year-on-year (y-o-y) basis in June, from 3.1% in May.
  • This was driven by lower inflation for retail & other goods, as well as services.
  • On a month-on-month (m-o-m) basis, core CPI was unchanged (i.e., 0.0%).
• CPI-All Items inflation fell to 2.4% y-o-y in June, from 3.1% in May.
  • The slowdown was largely due to a decline in private transport costs, in addition to lower core inflation.
  • On a m-o-m basis, CPI-All Items decreased by 0.2%.

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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 July 2024