Singapore October Core Inflation Surpasses Expectations at 1.2% Year-on-Year

In October, Singapore's core inflation rate rose to 1.2% year-on-year, exceeding analysts' estimates of 0.7%. This increase was higher than the previous month's 0.4% and the headline inflation also reached 1.2%, surpassing forecasts. The central bank anticipates core inflation to average 0.5% in 2025 and has maintained its current monetary policy settings. This data reflects a notable rise in consumer prices in Singapore for October.