SINGAPORE, Dec. 23 (Xinhua) -- Singapore's core inflation, as measured by the consumer price index (CPI), declined to 1.9 percent year-on-year in November from 2.1 percent in October, official data showed Monday.
The decrease was due to a moderation in food and services inflation, according to the Ministry of Trade and Industry, and the Monetary Authority of Singapore.
On a month-on-month basis, the core CPI remained unchanged. The core CPI excludes private transport and accommodation costs to better reflect household expenses.
The all-items inflation in Singapore increased to 1.6 percent year-on-year in November from 1.4 percent in October, driven by "a more gradual decline in private transport costs, which outweighed the fall in core inflation." ■
