SINGAPORE, Dec. 26 (Xinhua) -- Singapore's inflation, as measured by consumer price index (CPI), edged down in November due to slower price growth of retail goods, food, electricity and gas, official data showed Tuesday.
The core inflation, which excludes private transport and accommodation costs, was 3.2 percent year-on-year in November, lower than the 3.3 percent in October, according to the Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS).
The all-items inflation fell to 3.6 percent year-on-year in November, from 4.7 percent in October, due to lower private transport costs.
The MTI and MAS estimate that all-items inflation in Singapore is expected to average around 5 percent this year and core inflation around 4 percent.
In 2024, the overall and core inflation are projected to average 3 to 4 percent and 2.5 to 3.5 percent, respectively, according to the two government agencies. ■
