Singapore Core Inflation at 1.2% Y/Y in October, Higher Than Expected

Reuters11-24

SINGAPORE, Nov 24 (Reuters) - Singapore's key consumer price gauge rose 1.2% in October from a year earlier, official data showed on Monday.

The core inflation rate, which excludes private road transport and accommodation costs, was higher than the median forecast of 0.7% in a Reuters poll of economists, and compares to a 0.4% reading in September.

Headline inflation was 1.2% in annual terms in October, higher than the poll forecast of 0.9%.

The central bank has forecast core inflation of 0.5% for 2025 as a whole, and expects headline inflation to average between 0.5% and 1.0% this year.

The central bank left its monetary policy settings unchanged at a review earlier last month.

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