MAS Core Inflation rose to 1.9% on a year-on-year (y-o-y) basis in December 2018, from 1.7% in the preceding month, mainly due to larger increases in the costs of services and retail items. Meanwhile, CPI-All Items inflation picked up to 0.5% y-o-y in December, from 0.3% in November, reflecting higher inflation for services and retail items, as well as a smaller decline in accommodation costs.

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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 JANUARY 2019