The drop in core inflation in July was mainly driven by a steeper decline in the cost of electricity and gas, as well as lower food inflation, said MAS and MTI.
This was due to a rise in the prices of telecommunications equipment, as well as a fall in prices of household durables and personal care products. Electricity and gas costs saw a much sharper drop in July of -15.2 per cent, compared to -3.9 per cent in June.
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