Core Inflation in Singapore Slows for the Second Month: July Report

In Singapore, core inflation has slowed for the second consecutive month, indicating signs of economic stabilization in the country. In July 2024, the core inflation rate, excluding housing and transportation costs, stood at 4.1% compared to the same month last year. This decline is attributed to a decrease in service and food prices, suggesting that the government's measures to control inflation are beginning to yield results.

Continue reading