The January figure is up from 5.1% in December but a tad lower than the 5.6% expected by analysts in a Bloomberg poll. — Bloomberg
SINGAPORE: Consumer prices in Singapore rose at a faster pace in the first month of 2023, pushed up by Chinese New Year spending and the higher goods and services tax (GST) that has just kicked in.
Core inflation, which excludes the costs of private transport and accommodation and reflects the expenses of Singapore households more accurately, rose to 5.5% year-on-year in January, the highest since November 2008.
Already a subscriber? Log in.
Save 30% for ads-free and full access now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
