Singapore’s core inflation slows to 2.1% in Oct.

Singapore’s core inflation, a key measure of underlying price pressures, eased to 2.1 per cent year-on-year in October, down from 2.8 per cent in the previous month, a recent report from the Monetary Authority of Singapore showed on Monday.

The decline in core inflation was attributed to a moderation in the prices of services, electricity and gas, as well as retail and other goods. Overall inflation, as measured by the Consumer Price Index (CPI), also fell to 1.4 per cent year-on-year in October, from 2.0 per cent in September.

On a month-on-month basis core CPI dropped by 0.3 per cent in October. The decline in overall inflation was attributed to slower accommodation inflation, a steeper decline in private transport costs, and the overall moderation in core inflation.

Attribution: The Monetary Authority of Singapore report

Subediting: M. S. Salama