Singapore's core inflation holds steady at 1.2 pct in November
Summary
Singapore's core inflation remained steady at 1.2% year on year in November, with higher services inflation offset by lower retail and energy costs.
Key Points
- Singapore's core inflation held steady at 1.2 percent year on year in November, unchanged from October.
- Higher services inflation was offset by lower retail and other goods inflation and a sharper decline in electricity and gas costs.
- On a month-on-month basis, core consumer prices fell 0.1 percent in November.
- Headline inflation also remained unchanged at 1.2 percent year on year in November, reflecting stable accommodation costs and core inflation.
