Economic Buzz: Singapore Inflation Rate Stays Near Decade High In January

23 Feb 2022 , 11:36 AM

Singapores annual inflation rate stood at 4.0% in January, unchanged from Decembers near nine-year high figure. The cost of food in Singapore increased by 2.6 percent year-on-year in January, the most since December 2014, after a 2.1 percent gain in the prior month, as consumption accelerated ahead of the Lunar New Year celebration. In 2021, the CPI went up 2.3%. Core consumer prices gained 2.4% yoy in January, the most since September 2012, compared. On a monthly basis, consumer prices were unchanged in January after gaining 0.5% in December.

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