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Singapore’s core inflation rebounds to 3.3% in October; prices to remain volatile in coming months

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Tessa Oh

Tessa Oh

Published Thu, Nov 23, 2023 · 01:00 PM
    • Food inflation eases to 4.1 per cent in October, from 4.3 per cent previously.
    • Food inflation eases to 4.1 per cent in October, from 4.3 per cent previously. PHOTO: BT FILE

    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).

    Singapore inflationSingapore economyFood pricesenergy prices

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