Singapore September core inflation edges down to 1.8 percent year-on-year; misses forecasts

FAN Editor
FILE PHOTO: People shop for vegetables at a wet market in Singapore
FILE PHOTO: People shop for vegetables at a wet market in Singapore March 22, 2017. REUTERS/Edgar Su/File Photo

October 23, 2018

SINGAPORE (Reuters) – Singapore’s core inflation gauge in September missed forecasts and edged down slightly to 1.8 percent from a year earlier due to lower retail inflation, data showed on Tuesday.

The median forecast in a Reuters poll was for core inflation to be 1.9 percent, unchanged from August.

The central bank’s core inflation measure excludes changes in the price of cars and accommodation, which are influenced more by government policies.

Singapore’s headline consumer price index rose less than expected at 0.7 percent in September from a year earlier, unchanged from August. The median forecast in a Reuters poll was for all-items CPI to rise 0.8 percent.

(Reporting by Fathin Ungku; Editing by Sunil Nair)

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