As Singapore is poised to enter Phase 3 of the reopening of its economy, the MAS Core Inflation and CPI-All Items inflation recorded -0.1% on a y-o-y basis in November, compared to -0.2% in October.

The slower rate of decline in November was mainly due to a smaller fall in the costs of services and electricity & gas, as well as higher food inflation.

Meanwhile, private transport and accommodation inflation stayed broadly unchanged in November compared to October.

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