SINGAPORE, Nov 24 (NNN-XINHUA) – The Ministry of Trade and Industry and Monetary Authority of Singapore (MAS), announced yesterday that, the MAS core inflation, picked up to 3.3 percent in Oct, from 3.0 percent in Sept.
This was due to higher inflation for services, retail and other goods, as well as, an increase in electricity and gas costs.
The Consumer Price Index-All Items inflation rose to 4.7 percent in Oct, from 4.1 percent in Sept, reflecting higher private transport inflation, in addition to the rise in core inflation.
On a month-on-month basis, core CPI increased 0.4 percent in Oct, as prices across all broad core CPI categories rose. The increase, coupled with higher private transport costs, caused CPI-All Items to rise 0.2 percent.– NNN-XINHUA
