Singapore Nov core inflation rises by 1.6%, stays near three-year high By Reuters

Singapore’s key price gauge climbed in November by the fastest pace in nearly three years and slightly exceeded economists’ expectations, official data showed on Thursday.

The core inflation rate — the central bank’s favoured price measure – rose to 1.6% in November on a year-on-year basis, the highest since January 2019. A Reuters poll of economists had forecast a 1.5% increase.

Headline inflation rose by 3.8%, beating economists’ forecast of 3.35%. The measure rose by its fastest pace since February 2013.

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