Singapore's core, headline inflation hold steady at 1.2% on-year in November
Singapore's core and headline inflation held steady at 1.2% on-year in November. Both readings were slightly lower than the expected 1.3%, as prices in most categories rose moderately or stayed stable. Only services inflation edged up to 1.9% from 1.8%, due to larger increases in the cost of point-to-point transport services and health insurance. Food and accommodation prices stayed largely the same. Authorities expect the inflation outlook to remain uncertain, as supply shocks from geopolitical developments could lift some imported costs abruptly. Headline inflation is now expected to come in higher at between 0.5% to 1.5% next year, with some risks on the horizon.
Singapore's core and headline inflation held steady at 1.2% on-year in November. Both readings were slightly lower than the expected 1.3%, as prices in most categories rose moderately or stayed stable. Only services inflation edged up to 1.9% from 1.8%, due to larger increases in the cost of point-to-point transport services and health insurance. Food and accommodation prices stayed largely the same. Authorities expect the inflation outlook to remain uncertain, as supply shocks from geopolitical developments could lift some imported costs abruptly. Headline inflation is now expected to come in higher at between 0.5% to 1.5% next year, with some risks on the horizon.
Popular Shows
