Private transport inflation fell as car prices rose at a much slower pace. Accommodation inflation also moderated as the pace of increase in housing rents slowed slightly.
Singapore’s CPI-All Items inflation – or headline inflation – fell to 3.6% y-o-y in November, lower than the 4.7% y-o-y print in October. The drop was mainly due to lower private transport inflation.
The Monetary Authority of Singapore (MAS) core inflation fell to 3.2% y-o-y in November, slightly lower than the 3.3% y-o-y reading in October as inflation for retail & other goods, food, as well as electricity & gas slowed down.
