Singapore’s Core Inflation Rate Cools to Four-Month Low

Singapore’s key inflation gauge in July cooled to the slowest pace of gains in four months.

The core inflation rate, which excludes housing and private transportation costs, stood at 0.5% in July from a year earlier, the lowest since March, according to a statement by the Department of Statistics Singapore on Monday. That’s lower than the 0.6% for both June and the median estimate in a Bloomberg News survey.