Nov inflation up slightly
By Fiona Chan
Housing cost went up by 0.2 per cent in November on account of higher gas tariffs. -- ST PHOTO: ALPHONSUS CHERN
INFLATION in Singapore stayed largely flat last month, according to the latest figures released by the Department of Statistics (DOS) on Wednesday.
Consumer prices slid 0.2 per cent in November from a year ago, the eighth straight month of year-on-year decline.
The slip was largely due to the lower cost of electricity and gas tariffs, said DOS. But this was partly offset by higher prices for transport and communication, food, and healthcare.
On a month-on-month basis, the consumer price index (CPI) inched up 0.4 per cent between October and November. Adjusted for seasonal differences, the increase would have been 0.5 per cent.
This follows a 0.6 per cent rise between September and October, an uptrend that looks set to continue into next year, economists said.
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