Singapore core inflation rises to 3.3% in Oct ...Middle East

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Singapore core inflation rises to 3.3% in Oct
SINGAPORE: Singapore's core inflation picked up to 3.3 per cent year-on-year (y-o-y) in October, from 3.0 per cent in September, said the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).In a joint statement today, MAS and MTI said the increase in core inflation was due to higher inflation for services & retail and other goods, as well as an increase in electricity & gas costs.MAS, the central bank, monitors core inflation measures that exclude the components of “accommodation” and “private transport”. As for the Consumer Price Index (CPI)-All Items, inflation rose to 4.7 per cent y-o-y in October, from 4.1 per cent in September.“This was reflected in higher

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