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Singapore Inflation December 2020

Singapore: Inflation flatlines in December

Consumer prices increased 0.36% over the previous month in December, moderating from November’s 0.40% rise. December’s increase was mainly driven by rising clothing and footwear, and transport prices.

Consumer prices remained unchanged in December, up marginally from November’s 0.1% drop. Meanwhile, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 0.2% in December (November: -0.1%). Lastly, core consumer prices fell 0.3% on an annual basis in December, which was a steeper fall than November’s 0.1% decrease.

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