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Singapore's Inflation Holds Steady at 0.5% in September

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10/23/2019 | 01:15am EST

By Gaurav Raghuvanshi

SINGAPORE--Singapore's consumer price index rose as expected in September with higher food prices offset by lower housing and utility costs.

The CPI rose 0.5% on year in September, the same pace as in August. It matched the median estimate from a Wall Street Journal poll of seven economists.

The cost of food, which has an index weighting of 21.7%, rose 1.6% in September, data from the Department of Statistics on Wednesday showed.

The cost for housing and utilities, which make up 26.3% of the index, fell 1.3% on year, while transport costs rose 0.8%, the data showed.

The central bank's core inflation measure, which strips out private road transport and accommodation costs, eased slightly to 0.7% in September, from 0.8% in the previous month.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

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