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Singapore Inflation Eases To 16-Month Low

Singapore's consumer price inflation moderated in June to the lowest level in more than a year, primarily due to a slowdown in private transport charges, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.

The consumer price index, or CPI, climbed 4.5 percent year-over-year in June, slower than the 5.1 percent increase in the previous month. That was in line with economists' expectations.

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by RTTNews Staff Writer

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