1. Press releases
Consumer Price Developments in November 2024
23 December 2024
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Summary
MAS Core Inflation eased to 1.9% on a year-on-year (y-o-y) basis in November, from 2.1% in October.
This was due to a moderation in food and services inflation.
On a month-on-month (m-o-m) basis, core CPI was unchanged (i.e., 0.0%).
CPI-All Items inflation increased to 1.6% y-o-y in November, from 1.4% in October.
This was driven by a more gradual decline in private transport costs, which outweighed the fall in core inflation.
On a m-o-m basis, CPI-All Items was unchanged (i.e., 0.0%).
Download the full press release [PDF, 314 KB].
MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 DECEMBER 2024