Like in November, transport inflation saw the greatest rise across expenditure groups, with public transport inflation reaching 2.5% y-o-y and 2.6% m-o-m in December. Private transport costs, meanwhile, rose 5.0% y-o-y but fell 0.6% m-o-m last month.
Singapore’s CPI-All Items inflation — or headline inflation — rebounded to 3.7% y-o-y in December 2023, slightly up from the 3.6% y-o-y print in November.
Similarly, the Monetary Authority of Singapore (MAS) core inflation rebounded to 3.3% y-o-y in December, up from the 3.2% y-o-y reading in November.
