Singapore’s main measure of consumer prices increased by 1.2% in October compared to a year earlier, according to official data released on Monday.
Core inflation—which excludes private transport and accommodation costs—came in above expectations. Economists surveyed by Reuters had projected a 0.7% rise, while September’s core reading stood at 0.4%.
Headline inflation also rose 1.2% year-on-year in October, exceeding the survey forecast of 0.9%.
Singapore’s central bank expects core inflation to average around 0.5% for the full year in 2025. It also estimates headline inflation will range between 0.5% and 1.0% this year.
At its policy review early last month, the central bank left monetary settings unchanged.
