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Singapore core inflation rises at fastest pace in nearly a decade -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This is a woman shopping at a Singapore supermarket on April 24, 2017. REUTERS/Edgar Su

SINGAPORE (Reuters). – The key indicator of consumer prices in Singapore rose at a faster pace than expected in January. This was largely driven by higher inflation in food, energy and gas. Official data were released Wednesday.

The core inflation rate — the central bank’s favoured price measure – rose 2.4% in January on a year-on-year basis, the highest since September 2012. According to Reuters, economists expected a 2.5% rise.

The headline inflation rate rose by 4% in comparison to economists’ expectations of 4.1%.

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