Singapore’s core inflation rate rose to 4.4% in June – highest level since November 2008

Core inflation in Singapore reached its highest level since November 2008 in June, with prices rising in most categories including services, food, retail, electricity and gas.

Core inflation (excluding the cost of private accommodation and transport) was 4.4% year-on-year in June. This was up from the 13-year high of 3.6% in May.

The last time Singapore reported higher year-on-year growth was in November 2008, when core inflation was 5.5%.

The general consumer price index, or headline inflation, rose to 6.7% year-over-year in June, above the 5.6% reported in May.

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