SINGAPORE’S headline inflation is likely to remain volatile in the coming months due to fluctuations in Certificate of Entitlement (COE) prices.

That’s according to private-sector economists, after both headline and core inflation picked up in October.

Headline inflation for the month edged up to 4.7 per cent, higher than the 4.1 per cent recorded in September, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Thursday (Nov 23).