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Singapore's core inflation declined in June, in part because of a sharper decline in the cost of public services. The 1.2% figure was down slightly from 1.3% in May. Economists have cited the open energy market in Singapore as one of the reasons for baseline inflation data weaker than expected. Falling services and retail price inflation also had an impact. Core inflation is at its lowest for more than two years and does not take into account the costs of housing and private transport.
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