Singapore’s core inflation edges up to 0.4% in September, above forecast

On a month-on-month basis, core prices grew by 0.3 per cent in September.

Overall inflation, as measured by the Consumer Price Index-All Items (CPI-All Items), picked up to 0.7 per cent year-on-year in September from 0.5 per cent in August, due to a larger increase in private transport prices, as well as rise in core inflation.

On a monthly basis, CPI-All Items inflation – which excludes non-consumption expenditures such as purchases of houses, shares and other financial assets and income taxes – grew by 0.4 per cent in September.

The Consumer Price Index is commonly used in Singapore as a measure of consumer price changes in the economy.

It tracks the change in prices of a fixed basket of consumption goods and services commonly purchased by the general resident households over time.

The CPI-All Items provides a comprehensive overview of the prices of consumer goods and services.