The Macau Metro Monitor, December 24, 2012
SINGAPORE'S NOV INFLATION MODERATES TO 3.6% ON-YEAR Channel News Asia
Singapore's inflation moderated to 3.6% YoY in November, down from 4% in October and lower than what economists had expected. The November core inflation rate which excludes transport and accommodation also fell to 2% last month, from 2.2% in October. Persistent tightness in the labour market will support wage increases in 2013.
The central bank has forecast a full-year inflation of slightly above 4.5% this year and between 3.5% and 4.5% in 2013.