By Ronnie HaruiSINGAPORE--Singapore's consumer-price inflation accelerated in September as a pick-up in private transport costs more than offset a slowdown in core and accommodation inflation. The consumer-price index rose 4.1% in September from a year earlier, the Department of Statistics said Monday. Food prices, which have a 21.10% weighting, rose 4.3%, slowing from 4.8%. For 2023, headline inflation is expected to average around 5% and core inflation about 4%, the Monetary Authority of Singapore and the Ministry of Trade and Industry said in a joint statement. For 2024, headline and core inflation are forecast to average 3.0%-4.0% and 2.5%-3.5%, respectively, they added.

Source: Wall Street Journal October 23, 2023 05:19 UTC