Singapore's core inflation edges down to 0.5% in July as retail prices ease

Singapore's core inflation eased to 0.5% in July, down marginally from the previous month and falling below analysts' forecasts. The decline was driven by cheaper retail goods, electricity and gas. But food inflation and private transport inflation. Meanwhile, overall inflation eased to 0.6% in July, from 0.8% in June. Authorities are maintaining their full-year forecasts for core and overall inflation at between 0.5% and 1.5%, although the outlook remains uncertain.