Singapore: Inflation rises in November
Consumer prices rose 0.98% in November over the previous month, picking up from October’s 0.29% increase. November’s uptick was primarily driven by a rebound in housing costs, while transport prices rose at a faster rate than in the prior month.
Inflation rose to 3.9% in November, above October’s 3.2% and representing the highest inflation rate since February 2013. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.0% in November (October: 1.6%). Finally, core inflation rose to 4.2% in November, from October’s 3.5%.