SINGAPORE: Singapore's inflation in June probably eased from a 14-month high in May, a Reuters poll showed on Monday, as the cost of vehicle ownership has declined in recent months.
The consumer price index (CPI) in June probably rose 2.4 percent from a year earlier, according to the median forecast in a Reuters survey of 11 economists. In May, CPI rose 2.7 percent, the biggest increase since March 2013.
The government auctions permits to control the quota of vehicles which can substantially affect the costs of car ownership in the city-state.
The poll also showed that the Monetary Authority of Singapore's (MAS) core inflation measure in June was likely at 2.2 percent from a year earlier, steady from May. In April, core CPI had risen 2.3 percent year-on-year, the highest increase since September 2012.
The central bank's core inflation measure excludes changes in the price of cars and accommodation, which are influenced more by government policies.
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