Singapore's consumer price inflation in November held steady.

Consumer price inflation in Singapore remained stable in November, and still moderate, providing space for the country's central bank to temporarily maintain its policy unchanged. The consumer price index rose by 1.2% year-on-year, the same as in October, in line with the median forecast of six economists surveyed by the media. Data from the Singapore Department of Statistics showed that the core CPI, a key indicator that excludes private road transport and accommodation costs, also rose by 1.2% year-on-year. This data is slightly lower than the survey forecast of 1.25%. The Monetary Authority of Singapore and the Ministry of Trade and Industry previously stated that they expected import costs to continue to slow down in the coming months, although at a slower pace. They added that global oil prices could gradually decline in 2026, and regional inflation is expected to rise moderately.