SINGAPORE - Core inflation fell deeper into negative territory in July due to a steeper decline in the cost of electricity and gas, and lower inflation for non‐cooked food.
Meanwhile, a smaller decline in the cost of private transport saw overall inflation ease slightly last month to negative 0.4 per cent from minus 0.5 per cent in June, according to data released by the Monetary Authority of Singapore and the Ministry of Trade and Industry on Monday . The cost of electricity and gas saw a much sharper fall in July, at negative 15.2 per cent compared with minus 3.9 per cent in June, mainly due to a steeper decline in electricity prices as the electricity tariff was revised downwards.
Accommodation inflation also fell slightly in July, at 0.4 per cent compared with 0.5 per cent in June, as housing rents increased at a slower pace.
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