
Chart of the Day: Check out Singapore CPI's biggest drag in October
Housing & utilities price index contracted 3.8%.
Singapore's consumer price index-all items deflates for the 24th straight month, but it edged up close to zero as it fell 0.1% in October.
According to Maybank Kim Eng, the biggest drag remained to be the housing & utilities segment, falling 3.8% in the said month.
Meanwhile, core inflation rate edged up to 1.1%, on smaller rise in electricity cost, liquefied petroleum gas (LPG) and gas that more than offset lower food and services inflation.
"Core inflation is on upward trend since Dec 2015 and MAS expects core inflation to gradually rise to average around +1.0% in 2016," MayBank said.