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Singapore September core inflation hits more than three-year low

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10/23/2019 | 01:10am EST
A view of the skyline in Singapore

SINGAPORE (Reuters) - Singapore's core inflation gauge rose slightly less in September than it did in the previous month as it hit a more than three-year low, data showed on Wednesday.

Singapore's core consumer price index (CPI) in September rose 0.7% from a year earlier, compared with a 0.8% rise in August. The September figure was also lower than the median forecast in a Reuters poll that called for a 0.8% rise.

Singapore's headline consumer price index, however, rose 0.5% from a year ago in September, unchanged from the month earlier and as expected.

Core inflation is the Monetary Authority of Singapore's preferred price gauge for setting monetary policy. It excludes changes in the price of cars and accommodation, which are influenced more by government policies.

(Reporting by Fathin Ungku; Editing by Tom Hogue)

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