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Singapore Oct core inflation up 1.5%, biggest jump in nearly 3 yrs

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SINGAPORE, Nov 23 (Reuters) – Singapore’s key worth gauge rose by the quickest tempo in nearly three years in October, primarily pushed by larger providers and meals inflation.

The core inflation price — the central financial institution’s favoured worth measure – rose to 1.5% in October on a year-on-year foundation, in contrast with 1.2% in the prior month, the Monetary Authority of Singapore (MAS) mentioned in an announcement.

A Reuters ballot of economists had forecast a rise of 1.3%.

Singapore’s headline inflation rose 3.2%, highest since March 2013, beating economists’ forecast of two.8%.

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Reporting by Chen Lin; Editing by Martin Petty

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