October's core inflation rose to 1.2% - the highest jump this year
Singapore's core inflation rose to 1.2% on-year in October, up from 0.4% the month before. The sharpest increase this year surprised some analysts, as services and food costs led the rise. Headline inflation also picked up to 1.2% from 0.7%. Analysts say tourism-related inflation will likely pick up towards the end of the year but should remain broadly stable heading into next year. Caitlin Ng reports.
Singapore's core inflation rose to 1.2% on-year in October, up from 0.4% the month before. The sharpest increase this year surprised some analysts, as services and food costs led the rise. Headline inflation also picked up to 1.2% from 0.7%. Analysts say tourism-related inflation will likely pick up towards the end of the year but should remain broadly stable heading into next year. Caitlin Ng reports.
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