Singapore: Inflation rises in September
Inflation ticked up to 4.1% in September, following August’s 4.0%. The increase was largely due to faster growth in prices for transport and communication. In contrast, September marked a slower increase in prices for food and moderating price pressures for housing and utilities.
Annual average inflation fell to 5.5% in September (August: 5.8%). Meanwhile, core inflation fell to 3.0% in September, from the previous month’s 3.4%.
Lastly, consumer prices increased 0.50% in September over the previous month, below August’s 0.88% increase.