Singapore headline inflation edges up 0.5% in August; core inflation stays flat

Singapore's headline inflation edged up slightly in August reversing from a dip July, while core inflation remained flat, according to statistics released by the authorities Monday.SINGAPORE's headline inflation edged up slightly in August reversing from a dip July, while core inflation remained flat, according to statistics released by the authorities Monday.

Headline inflation rose to 0.5 per cent, up from 0.4 per cent in July and largely in line with economists' expectations. This reflects higher private road transport inflation and a smaller decline in accommodation costs, the Monetary Authority of Singapore and the Ministry of Trade & Industry said in a joint statement.

Food inflation picked up slightly to 1.6 per cent year on year in August, from 1.4 per cent in the previous month. MAS and MTI said this was on account of a larger increase in the cost of non-cooked food items, as well as higher food services inflation. The cost of retail goods registered a year-on-year declined of 1.5 per cent, up from the 1 per cent fall in July. The steeper drop primarily reflected a sharper decline in the cost of medical products, household durables, household supplies, and clothing and footwear items, as well as a slower pace of increase in the cost of personal care products, the authorities said.Meanwhile, core inflation, which strips out accommodation and private road transport costs, remained at 0.

Services inflation saw a year-on-year uptick of 1.7 per cent in August, up from 1.6 per cent in July. This was on account of higher telecommunication services fees and a larger pickup in air fares, which more than offset a slower pace of

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