Singapore core inflation rises at fastest pace in nearly a decade
24-Feb-2022 Intellasia |
Reuters |
7:06 AM
Singapore’s key consumer price gauge rose in January by its fastest pace in nearly a decade, largely in line with economist forecasts, driven by higher inflation for food, electricity and gas, official data showed on Wednesday.
The core inflation rate the central bank’s favoured price measure rose 2.4 percent in January on a year-on-year basis, the highest since September 2012. A Reuters poll of economists had forecast a 2.5 percent increase.
Headline inflation rose by 4%, largely in line with economists’ forecast of 4.1%.
https://www.reuters.com/markets/asia/singapore-core-inflation-rises-fastest-pace-nearly-decade-2022-02-23/
Category: Singapore
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