XINHUA -Singapore’s core inflation, measured by the consumer price index (CPI), eased to 1.9 per cent year-on-year in November, down from 2.1 per cent in October, according to official data released yesterday.
The decrease was attributed to a moderation in both food and services inflation, as reported by the Ministry of Trade and Industry and the Monetary Authority of Singapore.
On a month-on-month basis, the core CPI remained unchanged, indicating stability in household expenses.
The core CPI excludes costs related to private transport and accommodation to provide a more accurate reflection of household spending.
Meanwhile, overall inflation, or all-items inflation, increased to 1.6 per cent year-on-year in November, up from 1.4 per cent in October. This rise was primarily driven by a more gradual decline in private transport costs, which offset the decrease in core inflation.
