Singapore's core inflation falls to 3.0% in Sep. | Video

Singapore, Oct 24 (EFE/EPA).- Singapore has witnessed a decline in its core inflation rate in September, with figures falling to 3.0 percent from 3.4 percent in the previous month.

This decline was largely attributed to lower inflation rates for food and retail and other goods, a joint statement from the Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS) detailed.

In contrast, headline inflation rates saw an increase from 4.0 percent in August to 4.1 percent in September.

The upward shift is mainly due to higher inflation in the private transport sector.

This economic fluctuation comes at a time when residents are seen adjusting their spending habits, with a local woman pictured today sorting oranges at a neighbourhood market in Singapore. (Camera: HOW HWEE YOUNG).

FOOTAGE SHOWS A LOCAL MARKET IN SINGAPORE.

Metadata

Date: 24/10/2023 12:00 (UTC)
Credit: EFE
Source: EPA
Topic: Economy, business and finance
Type: Rough cut
Duration: 121 seconds
Reference: 7001307891
Relevance: Normal