Singapore July core inflation 2.5% y-o-y, lowest in more than two years

Quick Summary:

SINGAPORE: Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday.

It was the lowest headline inflation rate since August 2021.

Inflation in the Asian financial hub has cooled from a peak of 5.5% in early 2023, but only dropped below 3% in June.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Economy Inflation CPI /Business/Business News MAS

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 14:06:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 245 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22225057

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 54 posts per day

Year Established: 1971

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Coverage Areas: Malaysia

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Publisher ID: #22

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