Core inflation rose 3 per cent year on year in September. This was lower than the 3.4 per cent in August.Core consumer prices in Singapore rose at a slower pace for a fifth straight month in September, largely led by lower inflation for food, retail and other goods.
Core inflation is expected to ease further to between 2.5 per cent and 3 per cent year on year by December, and slow to an average of 2.5 per cent and 3.5 per cent for the full year in 2024, the Monetary Authority of Singapore and Ministry of Trade and Industry said on Monday, reiterating forecasts released on Oct 13.All you need to know about Budget 2023
They added that headline inflation is likely to rise further in the coming months as a result of higher COE premiums.
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