Singapore's core inflation holds steady at 1.2 pct in November
Singapore's core inflation held steady at 1.2 percent year on year in November, unchanged from October, official data showed on Tuesday.
In a joint statement, the Ministry of Trade and Industry and the Monetary Authority of Singapore said higher services inflation was offset by lower retail and other goods inflation, as well as a sharper decline in electricity and gas costs.
On a month-on-month basis, core consumer prices fell 0.1 percent in November. The core Consumer Price Index, which excludes accommodation and private transport costs, is seen as a key gauge of underlying, demand-driven inflation.
Headline inflation also remained unchanged at 1.2 percent year on year in November, the statement said, mainly reflecting stable accommodation costs and core inflation.
