Summary

• MAS Core Inflation edged up to 2.8% on a year-on-year (y-o-y) basis in September, from 2.7% in August.
  • This was due to an increase in retail & other goods inflation.
  • On a month-on-month (m-o-m) basis, core CPI rose by 0.1%.
• CPI-All Items inflation eased to 2.0% y-o-y in September, from 2.2% in August.
  • This was mainly driven by a steeper fall in private transport costs, which more than offset the increase in core inflation.
  • On a m-o-m basis, CPI-All Items rose by 0.3%.

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MONETARY AUTHORITY OF SINGAPORE

MINISTRY OF TRADE AND INDUSTRY

23 October 2024