Singapore’s core inflation rises in August

SINGAPORE, Sept. 23 (Xinhua) — Singapore’s core inflation rose to 2.7 percent in August from 2.5 percent in July, according to official data on Monday.
The Ministry of Trade and Industry and the Monetary Authority of Singapore attributed the growth to an increase in services inflation.
The core inflation excludes private transport and accommodation costs to better reflect household expenses.
The all-items inflation slowed to 2.2 percent in August from 2.4 percent in July. ■