Singapore's inflation inches up to 2%

Singapore's consumer price index rose marginally to 2 per cent for August compared with a year earlier.

July's inflation number was 1.9 per cent. Analysts attributed the rise to higher certificate of entitlement premiums.

The Monetary Authority of Singapore's measure of core inflation which excludes costs of accommodation and private road transport came in at 1.8 per cent. Inflation less imputed rentals was 1.6 per cent. Inflation less accommodation costs was 1.5 per cent.