Singapore's core inflation falls to 2.1% in October, lowest level since December 2021

Quick Summary:

SINGAPORE: Singapore's core inflation fell to 2.1 per cent year-on-year in October, down from 2.8 per cent in September.

Overall or headline inflation eased to 1.4 per cent year-on-year in October from 2 per cent in September.

The decrease was largely due to a moderation in services, electricity and gas, and retail and other goods inflation, said the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Monday (Nov 25).

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Category: EconomyBusiness

Markets: Singapore

Topics: October Cent Been Core Inflation 2024 Singapore Accommodation Easing Falls

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 13:00:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 33 lines

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Copyright Owner: © Channel News Asia

News ID: 23814005

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