, Singapore

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.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!