Singapore's inflation eases in November-Xinhua

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Singapore's inflation eases in November

Source: Xinhua

Editor: huaxia

2024-12-23 13:27:45

SINGAPORE, Dec. 23 (Xinhua) -- Singapore's core inflation, as measured by the consumer price index (CPI), declined to 1.9 percent year-on-year in November from 2.1 percent in October, official data showed Monday.

The decrease was due to a moderation in food and services inflation, according to the Ministry of Trade and Industry, and the Monetary Authority of Singapore.

On a month-on-month basis, the core CPI remained unchanged. The core CPI excludes private transport and accommodation costs to better reflect household expenses.

The all-items inflation in Singapore increased to 1.6 percent year-on-year in November from 1.4 percent in October, driven by "a more gradual decline in private transport costs, which outweighed the fall in core inflation."