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Singapore's consumer prices rise faster-than-expected 4.2 percent in November

Singapore's consumer prices rise faster-than-expected 4.2 percent in November

Singapore's consumer prices a rose faster-than-expected 4.2 percent in November, underpinned by higher costs for food and housing, the government said Monday.
That was higher than the 3.9 percent rise forecast by economists and the 3.6 percent increase in October.
Rising costs of imported goods and a robust real estate market sparked a pickup in inflation late this year, prompting the central bank to tighten monetary policy in October.
Housing costs increased on account of higher rents. Prices for food were higher as a result of more expensive vegetables, bread, and fresh pork, the Department of Statistics said in a statement.
Transport expenses also increased, mainly as a result of more costly gasoline.
On month, the index gained 0.6 percent in seasonally adjusted terms, surpassing a forecast for a 0.3 percent rise.
The index rose 1.3 percent in October from September.
In unadjusted terms, the CPI also rose 0.6 percent in November from October.


Updated : 2021-08-03 18:47 GMT+08:00