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Singapore headline inflation rises 0.6 percent in July
August 23, 2017 / 5:16 AM / a month ago

Singapore headline inflation rises 0.6 percent in July

People shop at a pop-up store in Singapore April 24, 2017. REUTERS/Edgar Su/Files

SINGAPORE (Reuters) - Singapore’s headline consumer price index in July rose 0.6 percent from a year earlier, with the pace picking up slightly compared with the previous month, on the back of higher retail and water prices, data showed on Wednesday.

The year-on-year rise in the all-items CPI, however, was less than the 0.8 percent increase predicted by the median forecast in a Reuters survey. In June, headline CPI had risen 0.5 percent from a year earlier.

Singapore’s core CPI rose 1.6 percent in July from a year earlier, after increasing 1.5 percent in June. The median forecast in a Reuters survey was for a rise of 1.6 percent.

Reporting by Masayuki Kitano; Editing by Jacqueline Wong

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