Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,002.80
    -68.83 (-1.36%)
     

  • Dow

    37,801.28
    -659.64 (-1.72%)
     

  • Nasdaq

    15,442.50
    -270.25 (-1.72%)
     

  • Bitcoin USD

    63,582.56
    -1,469.85 (-2.26%)
     

  • CMC Crypto 200

    1,379.14
    -3.43 (-0.25%)
     

  • FTSE 100

    8,064.24
    +23.86 (+0.30%)
     

  • Gold

    2,339.40
    +1.00 (+0.04%)
     

  • Crude Oil

    82.34
    -0.47 (-0.57%)
     

  • 10-Yr Bond

    4.7100
    +0.0580 (+1.25%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Singapore December core inflation picks up to 0.7%

Reuters
People shop at a pop-up store in Singapore

SINGAPORE (Reuters) - Singapore's core inflation rate picked up slightly in December, mainly due to higher services price growth, official data showed on Thursday.

The core consumer price index (CPI) rose to 0.7% from last year, versus a 0.6% increase in November. This was slightly higher than the 0.6% forecast seen in a Reuters poll.

The headline consumer price index rose 0.8% from a year earlier, slightly higher than estimates, and quickening from November's 0.6% increase.

Core inflation is the Monetary Authority of Singapore's preferred price gauge for setting monetary policy. It excludes changes in the price of cars and accommodation, which are influenced more by government policies.

(Reporting by Aradhana Aravindan in Singapore, Editing by Sherry Jacob-Phillips)