Singapore: Inflation eases in October
Consumer prices fell 0.40% month-on-month in October, contrasting the no-change in September. The print reflected cheaper prices for housing and utilities offsetting pricier food and transport.
Inflation, meanwhile, moderated to 0.4% in October from 0.5% in the prior month, but annual average inflation was stable at September’s 0.5%. The Monetary Authority of Singapore’s core inflation measure, which excludes accommodation and private road transport costs, edged lower to 0.6% in October from 0.7% in September, marking the lowest reading in 43 months.