Singapore's Core Inflation Rises to 3.3% in December

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Singapore,Core Inflation,Services Inflation

Singapore's core inflation increased to 3.3% year-on-year in December, driven by higher services inflation. Overall inflation was 3.7%, reflecting increased private transport costs and services inflation.

Singapore 's core inflation rose slightly to 3.3% year-on-year in December last year, driven by higher services inflation. Core inflation had reached a 14-year high of 5.5% in January and February before trending downwards.

Meanwhile, the overall inflation rate was 3.7% in December, higher than November's 3.6%, due to increased private transport costs and services inflation.

Singapore Core Inflation Services Inflation Overall Inflation Private Transport Costs

 

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