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Singapore Nov core inflation rises by 1.6%, stays near three-year high -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A ship arrives at the Keppel terminal, Singapore on November 17, 2020. REUTERS/Edgar Su/File Photo

SINGAPORE (Reuters – Singapore’s main price indicator grew at an impressive pace in November, surpassing economists’ predictions.

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. According to Reuters, economists expected a 1.5% rise.

The headline inflation rate rose by 3.8% in the wake of economists forecasting a rise of 3.35%. It rose at its fastest rate since February 2013, surpassing economists’ forecast of 3.35%.

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