Singapore core inflation at 0.4% y/y in September, higher than expected

SINGAPORE (Reuters) -Singapore’s key consumer price gauge rose 0.4% in September from a year earlier, official data showed on Thursday.

The core inflation rate, which excludes private road transport and accommodation costs, was higher than the median forecast of 0.2% in a Reuters poll of economists, and compares to a 0.3% reading in August.

Headline inflation was 0.7% in annual terms in September, higher than the poll forecast of 0.6%.

The central bank has forecast core inflation of 0.5% for 2025 as a whole, and expects headline inflation to average between 0.5% and 1.0% this year. 

The central bank left its monetary policy settings unchanged at a review earlier this month.    

(Reporting by Xinghui Kok; Editing by David Stanway)

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