Inflation & Prices
Singapore Core Inflation Gathers Speed to Fresh 14-Year High
- Dining at hawker stalls posts record increase in September
- Headline inflation steady at 7.5% last month, matching August
This article is for subscribers only.
An inflation measure monitored by Singapore’s central bank accelerated for a seventh straight month in September to a near 14-year high, giving policymakers scope to maintain their tightening bias even after delivering five moves since last October.
Core inflation, which excludes costs of accommodation and private road transport, increased 5.3% from a year ago, the fastest pace since November 2008. The print is up from 5.1% in August and in line with the median estimate in a Bloomberg survey of economists. Headline inflation of 7.5% matched the pace in August, as well as the median expectations.