Singapore Nov core inflation at 1.9% y/y, lowest in almost 3 years

© Reuters. FILE PHOTO: The interior of The Shoppes at Marina Bay Sands in Singapore March 31, 2022. REUTERS/Caroline Chia/File photo

SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists’ forecasts and the smallest rise in three years, official data showed on Monday.

The core inflation rate – which excludes private road transport and accommodation costs – was lower than the 2.1% forecast by a Reuters poll of economists and compared with 2.1% rise seen in October.

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