Singapore’s consumer price indicator grew 4.2% in June, meeting economists’ predictions.

The Monetary Authority of Singapore (MAS) and trade ministry reported falling food and energy prices, lowering inflation.

Core inflation, including private road transport and hotel prices, climbed 4.2% year-on-year, while headline inflation rose 4.5%.

The government predicted lower core prices in the second half of the year.

The MAS maintained monetary policy steady in April, citing growth concerns.