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Singapore Oct core inflation up 1.5%, biggest jump in nearly 3 years -Breaking

by Mike Robinson

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SINGAPORE (Reuters – Singapore’s main price indicator rose in October at the fastest pace for nearly three years, primarily due to increased food and service inflation.

The core inflation rate — the central bank’s favoured price measure – rose to 1.5% in October on a year-on-year basis, compared with 1.2% in the prior month, the Monetary Authority of Singapore (MAS) said in a statement.

An economist poll by Reuters predicted a rise of 1.3%.

Singapore’s headline inflation rose by 3.2% in March 2013 – more than the 2.8% forecasted by economists.

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