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Singapore’s MAS core inflation rises to 1.1 pct in August

SINGAPORE, Sept. 23 (Xinhua) — The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) announced on Thursday that the MAS core inflation rose to 1.1 percent on a year-on-year basis this August, from 1 percent in the previous month.

The increase was largely driven by higher food inflation and the smaller decline in the cost of retail and other goods, said the authorities.

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