Singapore: Consumer prices continue to fall in November
December 23, 2020
Consumer prices rose 0.40% over the previous month in November, swinging from the 0.43% drop seen in October. November's result was mainly driven by higher and housing and utilities costs.
Consumer prices dropped 0.1% year-on-year in November, a smaller decline compared to October’s 0.2% fall. Meanwhile, the trend was unchanged with the annual average variation of consumer prices coming in at October's minus 0.1% in November. Core consumer prices fell 0.1% on an annual basis in November, which was a smaller drop compared to October's 0.2% decrease.
Author: Stephen Vogado, Economist