Economy · World
Singapore's Core Inflation Hits Near Two-Year High
Singapore's core inflation reached 2.2% in August, its highest level in nearly two years. This increase is attributed to elevated energy costs, which analysts suggest may lead to higher consumer prices in the coming months. Despite a significant boom in the AI sector and a 132% year-on-year rise in electronics exports in August, central bank actions are not expected to be significantly influenced, according to analysts. The Singapore Dollar weakened in anticipation of the August Consumer Price Index (CPI) data.
How outlets across the spectrum covered it
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- Centre (4): Channel News Asia, The Economic Times, The Japan Times, The Wall Street Journal