Singapore ’s inflation rose to 2.6 percent in November from 2.0 percent in the previous month, due to price increases in almost all categories.
According to a joint statement issued by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry on December 23, accommodation cost rose by 3.3 percent year-on-year, private road transport costs by 3.4 percent, services by 2.8 percent, and food by 2.6 percent.
MAS Core Inflation, which excludes the costs of accommodation and private road transport, edged up to 2.1 percent in November compared to 1.8 percent a month ago due to stronger contributions from services and food items.
It is expected to rise over the next few quarters and average 1.5-2 percent in 2013 and 2-3 percent in 2014.
The country’s overall headline inflation is projected to vary between 2.5 and 3 percent in 2013, and between 2 and 3 percent in 2014.-VNA
According to a joint statement issued by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry on December 23, accommodation cost rose by 3.3 percent year-on-year, private road transport costs by 3.4 percent, services by 2.8 percent, and food by 2.6 percent.
MAS Core Inflation, which excludes the costs of accommodation and private road transport, edged up to 2.1 percent in November compared to 1.8 percent a month ago due to stronger contributions from services and food items.
It is expected to rise over the next few quarters and average 1.5-2 percent in 2013 and 2-3 percent in 2014.
The country’s overall headline inflation is projected to vary between 2.5 and 3 percent in 2013, and between 2 and 3 percent in 2014.-VNA
