SINGAPORE (Reuters) – Singapore’s key price gauge climbed in November by the fastest pace in nearly three years and slightly exceeded economists’ expectations, official data showed on Thursday.
The core inflation rate — the central bank’s favoured price measure – rose to 1.6% in November on a year-on-year basis, the highest since January 2019. A Reuters poll of economists had forecast a 1.5% increase.
Headline inflation rose by 3.8%, beating economists’ forecast of 3.35%. The measure rose by its fastest pace since February 2013.
(Reporting by Aradhana Aravindan in Singapore; Editing by Christian Schmollinger)
