Singapore: Inflation ticks up in November, while core inflation falls
Consumer prices increased 0.2% over the previous month in November, contrasting the 0.3% decline posted in October. According to data released by Statistics Singapore, the uptick was primarily caused by higher prices for housing and utilities, food and clothing and footwear.
Inflation was 0.3% in November, easing from October’s 0.7%, while annual average inflation inched down to 0.4% in November from 0.5% in October.
Meanwhile, the Monetary Authority of Singapore’s (MAS) core inflation measure, which omits the costs of accommodation and private road transport, edged lower to 1.7% in November from 1.9% in October as a result of smaller increases in prices for services, and electricity and gas.