Economic Buzz: Singapores Inflation Remains Stable At 7.5%

25 Oct 2022 , 02:05 PM

Singapores consumer price inflation held steady in September to remain at its highest level in more than fourteen years, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed. Consumer prices climbed 7.5 percent year-on-year in September, the same rate of increase as in August, which was the strongest inflation since June 2008. The rate remained unchanged due to lower private transport inflation offsetting higher core and accommodation inflation. MAS core inflation rose to 5.3 percent in September from 5.1 percent in the previous month. On a monthly basis, consumer prices moved up 0.5 percent in September and the core CPI increased 0.4 percent.Powered by Commodity Insights