Singapore: Inflation steady in October
November 23, 2017
In October, consumer prices dropped 0.3% from the previous month, following September’s flat reading. According to Statistics Singapore, the result was particularly driven by higher prices for food, healthcare, education and transport.
Inflation in October came in at 0.4% for the third consecutive month, slightly below market expectations. Meanwhile, annual average inflation also matched the previous month’s 0.5%, the highest reading in over two-and-a-half years.
The Monetary Authority of Singapore’s (MAS) core inflation measure, which excludes the cost of accommodation and private road transport, came in at 1.5% in October, also mirroring September’s reading.