SINGAPORE: Singapore's key consumer price gauge rose 1.2% in October from a year earlier, official data showed on Monday.
The core inflation rate, which excludes private road transport and accommodation costs, was higher than the median forecast of 0.7% in a Reuters poll of economists, and compares to a 0.4% reading in September. Headline inflation was 1.2% in annual terms in October, higher than the poll forecast of 0.9%.
The central bank has forecast core inflation of 0.5% for 2025 as a whole, and expects headline inflation to average between 0.5% and 1.0% this year. The central bank left its monetary policy settings unchanged at a review earlier last month. - Reuters
