Singapore November inflation rises to 2.6 per cent

By Elena Torrijos | Yahoo Finance Singapore

Singapore's inflation rate rose to 2.6 per cent in November from 2 per cent in October, largely reflecting higher accommodation costs.

 

That was according to a joint statement by the Monetary Authority of Singapore and the Ministry of Trade and Industry released Monday.

The agencies noted that accommodation costs rose by 3.3 per cent in November, higher than the 1.9 per cent increase in the month before, when rebates to HDB households helped to lower the cost of "minor repairs and maintenance".

Private road and transport costs rose by 3.4 per cent in November from 2.7 per cent the month before, mainly due to the rise in Certificate of Entitlement premiums, they added.

Petrol pump prices also went up in November from the level in the same month the year before.

Food inflation inched up to 2.6 per cent in November from 2.5 per cent in October amid higher prices for non-cooked food items, the government reported.