Global Economic News

Singapore Inflation At 7-Month Low On Weaker Transport Costs

Singapore consumer price inflation eased at the end of the year to the lowest level in seven months, largely due to a moderation in private transport costs, while core price growth remained steady, data published by the Monetary Authority of Singapore, or MAS, and the Ministry of Trade and Industry showed on Wednesday.

The consumer price index, or CPI, climbed 6.5 percent year-over-year in December, slower than November's 6.7 percent stable rate of increase.

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by RTTNews Staff Writer

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