Singapore’s inflation holds steady in august, easing seen on the horizon
According to the report, core inflation, which excludes the costs of accommodation and private transport, remained steady at 3.2% year-on-year in August, unchanged from July.
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Singapore inflation exceeds expectations in August
Despite the uptick in inflation, private-sector economists anticipate that the Monetary Authority of Singapore (MAS) will maintain its current monetary policy stance at the upcoming meeting in October. This outlook stems from the belief that the central bank is likely to prioritize stability amid the evolving economic landscape.