Singapore's core inflation slows to 1.9% in November, lowest in three years
Singapore's November core inflation dropped to 1.9% — the lowest in three years — but analysts said price levels are expected to remain high for next year. Market observers expect inflation to ease to a healthy rate of 2% in 2025. Private economists surveyed had expected November's core inflation to hit about 2.1%. Headline inflation, which includes accommodation and private transportation, picked up slightly to 1.6% on-year from October's 1.4%. Nasyrah Rohim reports, while UOB head of research Suan Teck Kin shares what the latest consumer price index (CPI) figures mean for the year ahead.
Singapore's November core inflation dropped to 1.9% — the lowest in three years — but analysts said price levels are expected to remain high for next year. Market observers expect inflation to ease to a healthy rate of 2% in 2025. Private economists surveyed had expected November's core inflation to hit about 2.1%. Headline inflation, which includes accommodation and private transportation, picked up slightly to 1.6% on-year from October's 1.4%. Nasyrah Rohim reports, while UOB head of research Suan Teck Kin shares what the latest consumer price index (CPI) figures mean for the year ahead.
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