SINGAPORE, Nov. 23 (Xinhua) -- The Ministry of Trade and Industry and Monetary Authority of Singapore (MAS) announced on Thursday that the MAS core inflation picked up to 3.3 percent in October from 3.0 percent in September.
This was due to higher inflation for services, retail and other goods, as well as an increase in electricity and gas costs.
The Consumer Price Index-All Items inflation rose to 4.7 percent in October from 4.1 percent in September, reflecting higher private transport inflation in addition to the rise in core inflation.
On a month-on-month basis, core CPI increased 0.4 percent in October, as prices across all broad core CPI categories rose. The increase, coupled with higher private transport costs, caused CPI-All Items to rise 0.2 percent. ■