Singapore August core inflation rises 5.1% vs forecast 5.0%

SINGAPORE: Singapore’s key consumer price gauge rose 5.1% in August, slightly more than forecast, driven by larger increases in the prices of services and food, official data showed on Friday.

The core inflation rate — the central bank’s favoured price measure - rose to 5.1% in August on a year-on-year basis.

A Reuters poll of economists had forecast a 5.0% increase in August.

Japan inflation at highest level since 2014

Headline inflation rose to 7.5%, compared with economists’ forecast of 7.2%.