SINGAPORE: Singapore’s core inflation rate was unchanged in November as lower services inflation was offset by a smaller decline in the cost of retail goods, official data showed on Monday.
The core consumer price index (CPI) rose 0.6% from a year earlier, unchanged from October. This was slightly lower than the 0.7% forecast seen in a Reuters poll.
The headline consumer price index rose 0.6% from a year earlier, matching forecasts, and higher than October’s 0.4% rise.
Core inflation is the Monetary Authority of Singapore’s preferred price gauge for setting monetary policy. It excludes changes in the price of cars and accommodation, which are influenced more by government policies. -Reuters
source https://www.thesundaily.my/business/singapore-nov-core-inflation-unchanged-at-06-slightly-below-estimates-HK1815911
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