Singapore core inflation reached 2 percent year-on-year in July, up from 1.6 percent in June, while overall inflation stood at 2.2 percent year-on-year compared with 1.9 percent the prior month. Electricity and gas prices rose 8.7 percent year-on-year after a 2.9 percent decline in June. The Monetary Authority of Singapore implemented a policy tightening in July alongside two support packages totaling approximately 2 billion Singapore dollars.