Singapore's consumer price inflation moderated further in July to the lowest level in more than one and-a-half years, primarily due to lower charges for private transport, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Wednesday.
The consumer price index, or CPI, climbed 4.1 percent year-over-year in July, slower than the 4.5 percent increase in the previous month. That was in line with economists' expectations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.