The Straits Times
Published on Dec 24, 2012

S'pore inflation slows to 3.6% in November


SINGAPORE (REUTERS) - Singapore's Department of Statistics released consumer price index (CPI) data for November on Monday.

At 3.6 per cent, November's year-on-year inflation was below the 4.0 per cent median estimate of economists polled by Reuters.

Private road transport was the biggest contributor to November inflation, rising 6.7 per cent from a year earlier, down from 8.3 per cent year-on-year in October. Accommodation costs rose 6.6 per cent, down from October's 6.8 per cent.

The Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS) said services inflation inched down to 2.9 per cent in November from 3.1 per cent in October on account of smaller increases in the cost of holiday travel and medical treatment.