Core inflation in Singapore has risen at its highest pace in over a decade

Core inflation in Singapore has risen at its highest pace in over a decade ...

Singapore's primary consumer price gauge increased in January by its highest level in over a decade, mostly in accordance with economist projections, driven by increase in food, electricity, and gas prices, according to official statistics on Wednesday.

The core inflation rate, the central bank's preferred price measure, increased by 2.4 percent year on year, the highest level since September 2012. A survey of economists had reported a 2.5% increase in January.

Headline inflation has risen by 4%, according to the economists' forecast of 4.1 percent.

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