Singapore's key consumer price gauge rose again in August at its fastest pace in more than 13 years, official data showed on Friday, driving market expectations the central bank will consider another policy tightening move next month.
The rise in inflation was mainly due to larger increases in the prices of services and food, the Monetary Authority of Singapore and the Ministry of Trade and Industry said in a statement.
The core inflation rate — the central bank's favoured price measure - rose to 5.1% in August on a year-on-year basis. A Reuters poll of economists had forecast a 5% increase.Headline inflation rose to 7.5%, beating economists' forecast of 7.2%.
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