Inflation & Prices
Singapore Inflation Near 14-Year High Boosts Tightening Bets
- August core inflation surges to 5.1%, all-items gauge at 7.5%
- Chilled poultry prices at all-time high of 37.6%, data show
Shoppers at a market in Singapore.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Singapore’s key core inflation gauge held near a 14-year high in August, further solidifying bets that the central bank will tighten policy at its meeting next month.
The core inflation measure, which excludes private transport and accommodation, rose 5.1% in August from a year earlier, according to a joint statement from the Monetary Authority of Singapore and the Ministry of Trade and Industry on Friday. That was the highest since November 2008 and compares with a 5% Bloomberg survey median ahead of the report.