Food prices rose…core inflation increased

Singapore’s core consumer price index continued to increase in September.

Core inflation rose 5.3 percent year-on-year.

That’s a faster rise than market forecasts.

The overall rate of inflation, including accommodation and private transport costs, increased by 7.5 per cent.

The Monetary Board of Singapore and the Ministry of Trade and Industry attributed the rise in inflation to rising food prices and a rapid rise in car prices.