The Straits Times
Published on Aug 21, 2014

Singapore July core inflation may climb to 22-month high


SINGAPORE (Reuters) - Singapore's core inflation rate in July probably rose to its highest in almost two years, a Reuters poll showed on Thursday, reflecting wage cost pressures from a tight labour market.

The Monetary Authority of Singapore's (MAS) core inflation measure likely accelerated to 2.4 per cent in July from a year earlier from 2.1 per cent in June, according to the the median forecast in a Reuters survey.

That would be the highest year-on-year reading for core inflation since September 2012, when the core inflation measure was a similar 2.4 per cent.

Such a result, however, would still be well within the central bank's forecast for core inflation of 2-3 per cent in 2014.