Singapore's core inflation declines further in December, while headline inflation comes flat

The decline in Singapore’s core inflation deepened in December 2020, while the headline measure improved.

Core inflation – which gauges price increments to sectors other than accommodation and private transport – was down by -0.3% year-on-year, according to the Consumer Price Index (CPI) released by the Department of Statistics (Singstat) on Jan 25.

This is a slip from the -0.1% posted in November and follows a larger decline in services costs as well as food inflation.