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Singapore's headline inflation comes in at 2.4% for June; MAS and MTI raise forecast

Atiqah Mokhtar
Atiqah Mokhtar7/23/2021 2:35 PM GMT+08  • 6 min read
Singapore's headline inflation comes in at 2.4% for June; MAS and MTI raise forecast
MAS and MTI have raised their headline inflation forecast for 2021 to between 1%-2%.
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Singapore’s headline inflation came in at 2.4% y-o-y in June, according to Consumer Price Index (CPI) data released by the Department of Statistics (Singstat) on July 23.

This is unchanged from May, which also saw 2.4% y-o-y growth. The headline inflation also came in lower than consensus estimates of 2.5% for June.

Core inflation – which gauges price increments to sectors other than accommodation and private transport – edged up 0.6% y-o-y, easing from 0.8% in May.

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