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%.

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MONETARY AUTHORITY OF SINGAPORE

MINISTRY OF TRADE AND INDUSTRY

23 September 2024