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.
Author: Jan Lammersen, Economist