Singapore Inflation


Inflation decelerates in October

In October, consumer prices fell 0.2% over the previous month, which contrasted the 0.6% rise observed in September. According to the Statistics Singapore, transport recorded the largest price decrease. As a result of the monthly price decline, annual inflation fell from 4.7% in September to 4.0% in October, which was below market expectations that had inflation moderating to 4.5%. In addition, annual average inflation edged down from 5.0% in September to 4.8% in October. Meanwhile, the Monetary Authority of Singapore's (MAS) annual core inflation measure, which excludes the costs of accommodation and private road transport, eased from 2.4% in September to 2.2% in October.


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Singapore Inflation Chart

Singapore Inflation October 2012

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Singapore (Singstat).

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