Singapore's December inflation rises 5.1%, surprising officials

SINGAPORE: In December, Singapore saw its key consumer price gauge rise 5.1 percent, higher than predicted, official data said.

However, the core inflation rate, excluding private road transport and accommodation costs, remained unchanged from the 5.1 percent November increase, while headline inflation eased to 6.5 percent year-on-year in December, from 6.7 percent in November.

For 2022, core inflation averaged 4.1 percent, higher than the 0.9 percent recorded in 2021, while headline inflation was at 6.1 percent last year, up from 2.3 percent in 2021.