Singapore consumer price inflation eased in July to the lowest level in four-and-a-half years, the Monetary Authority of Singapore reported on Monday.
Consumer prices climbed 0.6 percent annually in July, slower than June's stable increase of 0.8 percent. The expected inflation rate was 0.7 percent.
Further, this was the weakest inflation since January 2021, when prices rose only 0.2 percent.
On a monthly basis, consumer prices dropped 0.4 percent in May.
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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.