MAS core inflation up to 1.5% in September

The prices for services rose.

The Monetary Authority of Singapore's (MAS) core inflation, which excludes prices of accommodation and road transport, rose from 1.4% in August to 1.5% in September.

Meanwhile, the consumer price index (CPI) remained the same at 0.4%.

According to the Ministry of Trade and Industry Singapore (MTI), services inflation rose to 1.5% from 1.4% last month, due to the rise of telco services fees. This offset a smaller rise in holiday expenses and a larger decline in airfares.

Meanwhile, private road transport inflation fell to 2.1% from 2.6%, reflecting cheaper car prices. Food inflation stayed the same at 1.2% as the prices of non-cooked food and prepared meals rose at a similar pace in August and September.

Accommodation costs slipped by 3.9% amidst cheaper prices in the housing rental market.

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