Singapore July all-items CPI rises 0.6 percent year-on-year, less than expected

SINGAPORE (Reuters) - Singapore's headline consumer price index in July rose 0.6 percent from a year earlier, with the pace picking up slightly compared with the previous month, on the back of higher retail and water prices, data showed on Wednesday.

The year-on-year rise in the all-items CPI, however, was less than the 0.8 percent increase predicted by the median forecast in a Reuters survey. In June, headline CPI had risen 0.5 percent from a year earlier.

Singapore's core CPI rose 1.6 percent in July from a year earlier, after increasing 1.5 percent in June. The median forecast in a Reuters survey was for a rise of 1.6 percent.

 

(Reporting by Masayuki Kitano; Editing by Jacqueline Wong)