Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

Tightening risks loom as Singapore July core inflation hits 13-year high

Pedestrians are reflected on a retail store window on Orchard Road in Singapore, on Monday. (Bloomberg photo)

SINGAPORE: Singapore's key consumer price gauge in July rose again at its fastest pace in more than 13 years, official data showed on Tuesday, mounting pressure on the central bank to consider another policy tightening move later this year.

The pick-up in inflation was mainly driven by stronger increases in the prices of food, electricity and gas, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry said in a statement.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.