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Singapore Inflation December 2022

Singapore: Inflation drops to lowest level since May in December

Consumer price inflation came in at 6.5% in December, which was down from November’s 6.7%. December’s reading marked the lowest inflation rate since May. The reading was driven by moderating price pressures for housing and utilities and transport.

Annual average inflation rose to 6.1% in December (November: 5.9%). Meanwhile, core inflation was steady, coming in at November’s 5.1% in December.

Lastly, consumer prices rose 0.20% from the previous month in December, below November’s 0.97% increase.

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