Overview
- Core inflation rose to 0.4% year on year, beating analyst expectations after August’s four-year low.
- Overall CPI-All Items increased to 0.7% from 0.5% in August, reflecting a pickup in core prices and private transport costs.
- Private transport inflation climbed to 3.7% year on year from 2.4% on a steeper rise in car prices.
- Retail and other goods turned positive, electricity and gas prices fell more steeply, services eased, and accommodation and food were unchanged.
- MAS and MTI projected core inflation around 0.5% in 2025 and 0.5%–1.5% in 2026 with overall inflation at 0.5%–1%, noting risks from supply shocks, oil moves or weaker global demand.