Singapore's core inflation drops to 1.9%, with overall inflation rising slightly to 1.6%.
In November, Singapore's core inflation fell to 1.9%, down from 2.1% in October, due to slower food and services price increases. Overall inflation rose to 1.6%, driven by a more gradual decline in private transport costs. While the inflation rates are lower than expected, the Monetary Authority of Singapore (MAS) is expected to keep its current monetary policy, with economists predicting potential easing later in the year. The MAS projects core inflation to remain below 2% through the end of 2024.
3 months ago
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