Singapore's core inflation slows to 1.9% in November
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SINGAPORE — Singapore's key consumer price gauge rose 1.9 per cent in November on a yearly basis, lower than economists' forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation rate — which excludes priSingapore's core inflation slows to 1.9% in November
SINGAPORE — Singapore's key consumer price gauge rose 1.9 per cent in November on a yearly basis, lower than economists' forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation rate — which excludes private road transport and accommodation costs — was lower than the 2.1 per cent forecast by a Reuters poll of economists and compared with a 2.1 per cent rise seen in October. It was the smallest rise since November 2021, when it climbed by 1.6 per cent. Headline inflation was 1.6 per cent in annual terms in November, lower than the 1.8 per cent expected in the poll. The Monetary Authority of Singapore had forecast core inflation to be around 2 per cent in the fourth quarter. Slowing inflation has created room for Singapore's central bank to ease monetary policy in January but analysts have said the MAS might wait until later in 2025 on the back of incoming US President Donald Trump's policies. Read more