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.