Singapore Inflation Steady At 0.8%

Singapore's consumer prices logged a steady growth in June, official data revealed on Wednesday.

The consumer price index climbed 0.8 percent on a yearly basis, the same rate as seen in May, the Monetary Authority of Singapore said. Similarly, core inflation held steady at 0.6 percent.

On a monthly basis, overall consumer prices and core prices fell 0.1 percent each in June.

Overall inflation was unchanged as higher inflation in retail and other goods and private transport was offset by lower inflation in all other major CPI categories.

The central bank forecast both MAS core inflation and overall CPI inflation to average 0.5-1.5 percent in 2025.

The bank noted that the ongoing trade conflicts could be inflationary for some economies but their impact on Singapore's import prices is likely to be offset by the disinflationary drags exerted by weaker global demand.

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