Singapore's core inflation unchanged at 5.1% in December, averaged 4.1% for 2022

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SINGAPORE: Singapore's core inflation remained unchanged at 5.1 per cent year-on-year in December, official data showed on Wednesday (Jan 25).

Smaller price increases for retail and other goods, as well as electricity and gas, were offset by higher inflation for food and services, said the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Information (MTI).

Coreinflation excludes accommodation and private transport costs.

For the whole of 2022, core inflation averaged 4.1 per cent, higher than the figure of0.9 per cent in 2021.

The headline consumer price index, or overall inflation, was 6.5 per cent in December, lower than the 6.7 per cent in November, mainly due to slower private transportation inflation. For 2022, overall inflation came in at6.1 per cent, up from 2.3 per cent the previous year.