Singapore's inflation slowed to the lowest in more than four years in August due to the slowdown in services and accommodation costs, official data revealed Tuesday.
Consumer prices logged an annual growth of 0.5 percent in August, slower than the 0.6 percent rise in July, the Monetary Authority of Singapore said. This was the weakest since January 2021, when the rate was 0.2 percent.
On a monthly basis, the consumer price index rose 0.5 percent, offsetting a 0.4 percent fall in July.
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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.