Singapore Core Inflation Quickens for First Time in Nine Months
- Key price gauge quickened 3.3%, faster than median 3.1% est.
- All-items measure was fastest in five months in October
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Singapore’s core inflation accelerated in October for the first time since January, supporting the central bank’s expectation of near-term upside risk as services and utility costs rose.
The core measure, which excludes housing and private transportation costs, quickened to 3.3% from a year ago, official data showed Thursday. The gauge that’s tracked by the Monetary Authority of Singapore cooled to an 18-month low in September.