Inflation slipped to -0.4% in July on back of lower private transport costs

Housing prices also edged down.

Singapore's Consumer Price Index (CPI) sank to -0.4% in July, after a reading of -0.3% in June.

According to the Ministry of Trade and Industry, the slip was mainly due to a 0.1% decrease in private road transport costs. Private transport costs softened on back of lower Certificate of Entitlement (COE) premiums for cars.

Accommodation costs also declined by 2.8% following the 2.6% drop in June, reflecting the continued softening of the housing rental market.

Food inflation edged down to 1.9% from 2.0% a month earlier, owing to smaller price increases for non-cooked food items and hawker food.

Services inflation came in slightly higher, at 0.6% in July compared to 0.5% in June, due to a rise in educational course fees and holiday travel costs.

Although headline figure dropped, the central bank's core inflation figure rose to 0.4% last month. This compares with 0.2% in June and reflects the more moderate decline in electricity tariffs and higher services inflation.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia