Singapore: Inflation ticks up in November
January 2, 2018
In November, consumer prices rose 0.6% from the previous month, contrasting October’s 0.3% drop and marking the strongest increase since June 2016. According to Statistics Singapore, the result was particularly driven by higher prices for transport, education and healthcare.
Inflation in November came in at 0.6%, up from the previous month’s 0.4% and slightly above market expectations. Meanwhile, annual average inflation also ticked up to 0.6% from 0.5% in October, 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 November, matching October’s reading.