Standard Chartered expects core inflation to trend higher as housing costs rise.
Supply disruptions to fruit and vegetables resulting from typhoon Nanmadol may have caused a temporary spike in food prices.
Here’s more from Standard Chartered:
September inflation grinds higher on rising housing costs
We expect core inflation – excluding food and energy prices – to continue to grind higher on a y/y basis in September, chiefly on rising housing costs. This will continue to worry local policy makers because of the risk stemming from higher labour and rental costs, even though recent data suggests that the upside risk to headline inflation appears to have stabilised.
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