Singapore inflation climbs to a near 1-year high as October price growth sharply exceeds estimates

Restaurants and bars in the Boat Quay district in Singapore, on Wednesday, May 17, 2023.Singapore's inflation rate rose for a second straight month, year on year, with price growth in October scaling a near 1-year high and topping analysts' expectations. After reaching a 4-year low in August, consumer prices rose 1.2% — highest since August 2024 — compared with the average 0.9% estimated by economists polled by Reuters and the 0.7% rise in September.Core inflation in the city-state — which strips out prices ...