Singapore’s Core Inflation Eased Down to 3.2 Percent in November
Singapore’s core inflation dipped to 3.2% YoY in November, official data showed on Tuesday, Dec 26.
Singapore’s core inflation dipped to 3.2% YoY in November, official data showed on Tuesday, Dec 26.
It edged down from 3.3 per cent YoY in October due to lower inflation for retail and other goods, food, as well as electricity and gas costs, the Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS) reported.
Core inflation had risen to 5.5% in January and February this year, a 14-year high, before trending downwards. Singapore's core inflation fell to 3% in September, posting the lowest reading since March 2022.
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