Singapore core inflation edges up to 3.3% in October, breaking streak of slower price increases

The increase in core inflation broke a five-month-long streak of core consumer prices rising at a slower pace. - PHOTO: ST FILE

SINGAPORE: Core consumer prices in Singapore picked up in October after rising at a slower pace for several months, owing to higher inflation for services and retail goods and an increase in electricity and gas costs.

Consumers can expect more volatility in overall inflation in the coming months amid swings in certificate of entitlement (COE) premiums and global oil prices, although prices are expected to moderate in 2024.