Singapore: Inflation remains steady in November
Inflation held steady at October’s 6.7% in November, the joint-lowest inflation rate since June. Rising food price pressures were offset by lower housing and transport inflation.
The trend pointed up mildly, with annual average inflation coming in at 5.9% in November (October: 5.7%). Meanwhile, core inflation was stable, coming in at October’s 5.1% in November.
Finally, consumer prices rose 0.97% in November over the previous month, swinging from the 0.40% fall logged in October. November’s figure marked the highest reading since June.