Singapore core inflation at 0.8% y/y, lower than forecast

By Bing Hong Lok

SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 0.8% in January from a year earlier, lower than economist forecasts, official data showed on Monday.

The core inflation rate, which excludes private road transport and accommodation costs, compared with a 1.5% forecast by a Reuters poll of economists.

Headline inflation was 1.2% in annual terms in January, lower than economists’ forecast of 2.15%.

Statistics Singapore said the CPI had been rebased to a base year of 2024 from 2019. The annual change in the headline inflation rate in December was revised to 1.5% from 1.6%

(Reporting by Bing Hong Lok; Editing by John Mair)