Thursday 28 Mar 2024
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SINGAPORE (Aug 24): Singapore’s core and headline inflation remained in the red in July 2020, despite the Phase Two measures which allowed most businesses to resume activities from June 19.

Core inflation – a key metric used by the central bank to develop Singapore’s monetary policy based on price increments to sectors other than accommodation and private transport – touched its lowest point in more than a decade with a 0.4% contraction.

Prior to this, the lowest point for the metric was -0.5% in January 2010 ... (click on link for full story on theedgesingapore.com).

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