Singapore Inflation November 2017

Singapore

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.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2018, which is unchanged from last month’s estimate. For 2019, the panel sees average inflation of 1.4%.


Author: Massimo Bassetti, Economist

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Singapore Inflation Chart


Singapore Inflation November 2017

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


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