SINGAPORE: Singapore’s core inflation moderated to 3.4 per cent on a year-on-year basis in August, from 3.8 per cent in July. In a joint statement today, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said the dip from 3.8 per cent in July was due to lower inflation for services, food and retail and other goods.MAS, the central bank, monitors core inflation which excludes the components of “accommodation” and “private transport” as they tend to be significantly influenced by supply-side administrative policies and are volatile.Meanwhile, the Consumer Price Index (CPI)-All Items inflation eased to 4.0 per cent in August, from 4.1 per cent in July.“This
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