Singapore core inflation rises at fastest pace in nearly 8 years
Singapore's key price gauge climbed in December by its fastest pace in nearly eight years, exceeding economist forecasts, driven by a steep increase in air fares, official data showed on Monday.
Headline inflation rose by 4%, beating economists' forecast of 3.75%.Register now for FREE unlimited access to Reuters.comRegisterReporting by Aradhana Aravindan in Singapore Editing by Ed DaviesOur Standards:More from ReutersDaily BriefingSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.Read more: Reuters »
Emmy Rossum Shares Her 28-Step Beauty Routine, From Curly Hair Care to Hydrated Skin
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The core inflation rate — the central bank's favoured price measure - rose to 2.1% in December on a year-on-year basis, the highest since July 2014. A Reuters poll of economists had forecast a 1.7% increase. Headline inflation rose by 4%, beating economists' forecast of 3.75%. Register now for FREE unlimited access to Reuters.com Register Reporting by Aradhana Aravindan in Singapore Editing by Ed Davies Our Standards: More from Reuters Daily Briefing Subscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. Sign up