Singapore's inflation slows to 0.1 percent in October
(MENAFN) According to the Monetary Authority of Singapore and Ministry of Trade and Industry, the country's inflation slowed to 0.1 percent in October, Xinhua reported.
The slowdown was mainly driven by account of base effects associated with fluctuations in car Certificate of Entitlement premiums, as well as sharper declines in the costs of accommodation and oil-related items.
Private road transport cost dipped 5.6 percent in October, following a 2.8 percent fall in September, largely due to the high base a year ago, while accommodation cost declined by 1.0 percent.
Core inflation, which excludes the costs of accommodation and private road transport, eased to 1.7 percent in October from 1.9 percent a month ago, the monetary authority said.
The slowdown was mainly driven by account of base effects associated with fluctuations in car Certificate of Entitlement premiums, as well as sharper declines in the costs of accommodation and oil-related items.
Private road transport cost dipped 5.6 percent in October, following a 2.8 percent fall in September, largely due to the high base a year ago, while accommodation cost declined by 1.0 percent.
Core inflation, which excludes the costs of accommodation and private road transport, eased to 1.7 percent in October from 1.9 percent a month ago, the monetary authority said.
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