Singapore: Inflation decelerates in October
November 23, 2012
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.