Singapore’s inflation rose slower than expected in Aug from a year earlier, according to figures from the Department of Statistics on Mon. The headline Consumer Price Index (CPI) was up 0.4 per cent year-on-year in Aug, slowing from July’s increase of 0.6 per cent. The slower pace of increase largely reflected a fall in private road transport inflation, and to a lesser extent, a moderation in food and retail inflation, which collectively more than offset the smaller decline in the cost of accommodation, said MAS and MTI. Prices in all categories were higher, expect for housing and utilities which saw a decrease of 2.3 per cent from a year ago. The cost of accommodation fell by 3.9 per cent year-on-year in Aug, less than the 4.1 per cent decline in the previous month.... Continue Reading