SINGAPORE (July 24): Singapore’s headline inflation moderated to 4.5% in June on a year-on-year (y-o-y) basis. The Monetary Authority of Singapore’s (MAS) core inflation, which excludes private transport and accommodation, eased to 4.2% on a y-o-y basis.

On a month-on-month (m-o-m) basis, headline inflation rose by 0.5% while core inflation increased by 0.2%.

On a y-o-y basis, food and recreation & culture topped the list by expenditure division, with food increasing 5.9% and recreation & culture rising 5.7%. On a m-o-m basis, transport rose the most at 1.7% while clothing & footwear fell by 1.9%, communication slipped 1.1% and miscellaneous goods & services declined 0.1%.