Singapore’s core inflation eases slightly in Nov. ’24

Singapore’s core inflation, a key measure of underlying price pressures, eased to 1.9 per cent year-on-year in November, down from 2.1 per cent in the previous month, a recent report from the Monetary Authority of Singapore showed on Monday.

The decline in core inflation was attributed to a moderation in food and services inflation. Overall inflation, as measured by the Consumer Price Index (CPI), rose to 1.6 per cent year-on-year in November, from 1.4 per cent in October.

On a month-on-month basis, core CPI was unchanged in November. The decline in overall inflation was attributed to more gradual drop in private transport costs, which outweighed the fall in core inflation.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama