Singapore's headline consumer price index or overall inflation, however, rose 0.5 per cent from a year ago in September, unchanged from the month earlier and as expected.
Services inflation eased to 1.4 per cent year-on-year in September, from 1. per cent in August, on the back of a fall in airfares and telecommunications services fees, which more than offset larger increases in recreational & cultural services fees and holiday expenses. Accommodation costs dipped by 0.5 per cent year-on-year in September, moderating from the 0.7 per cent drop in August, as housing rentals declined more gradually.
On the domestic front, labour market conditions are softening slightly and this would lower wage growth in 2019 and 2020, compared to last year, the release added.
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