Singapore consumer inflation remains steady at 1.2% in November, missing estimates

Singapore's ostentation successful November remained dependable astatine 1.2%, missing estimates, arsenic a higher summation successful prices of services was offset by a steeper diminution successful energy costs.

The speechmaking was little than Reuters-polled analysts' median estimates of 1.3%.

Core ostentation successful the city-state, which strips retired prices of backstage transport and accommodation, besides came successful astatine 1.2%, compared to expectations of 1.3%.

Core ostentation is forecast to beryllium astir 0.5% successful 2025, earlier rising to 0.5%–1.5% successful 2026. Headline ostentation is expected to mean 0.5%–1.0% successful 2025 and 0.5–1.5% successful 2026, MAS said.

The ostentation speechmaking comes aft better-than-expected economical information from Singapore, with non-oil exports surging 11.6% twelvemonth connected twelvemonth successful November, beating estimates of a 7% rise.

Singapore's system grew astatine 4.2% successful the 3rd quarter, besides beating expectations of 4% expansion.

Last month, the country's ministry of commercialized and manufacture upgraded full-year GDP forecast to "around 4%," and astir 1%-3% for 2026, a crisp revision from April's forecast, erstwhile it had warned that zero growth was besides a possibility.

The country's commercialized ministry said that the planetary situation had proved much resilient than anticipated, with manufacturing and export request remaining beardown successful the 3rd quarter.

MAS has held its monetary argumentation dependable for the past 2 meetings, aft easing it successful January and April meetings amid the menace of tariffs implicit the planetary economy.