Singapore Inflation November 2019

Singapore

Singapore: Inflation rises in November

December 23, 2019

Consumer price rose 0.34% month-on-month in November, contrasting the revised 0.35% decline in October (previously reported: -0.40% month-on-month). The print was driven by pricier housing and utilities, transport, and clothing and footwear. Food prices were unchanged.

Inflation, meanwhile, edged up to 0.6% in November from 0.4% in the prior month while annual average inflation was stable at October’s 0.5% in November. The Monetary Authority of Singapore’s core inflation measure, which excludes accommodation and private road transport costs, was stable at 0.6% in November from the prior month.

FocusEconomics Consensus Forecast panelists, meanwhile, expect CPI inflation to average 1.2% in 2020, which is unchanged from the previous month’s forecast. In 2021, our panel expects average inflation of 1.4%.


Author:, Economist

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Singapore Inflation Chart


Singapore Inflation November 2019

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Singapore (Singstat).


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