Singapore’s core inflation rises in September, overall CPI eases

SINGAPORE, Oct. 23 (Xinhua) — Singapore’s core inflation, as measured by the consumer price index (CPI), edged up to 2.8 percent year-on-year in September from 2.7 percent in August, official data showed Wednesday.
The increase was driven by higher retail costs, according to the Ministry of Trade and Industry and the Monetary Authority of Singapore.
The core CPI excludes private transport and accommodation costs to better reflect household expenses.
The all-items inflation slowed to 2.0 percent in September from 2.2 percent in August due to a fall in private transport costs. ■