【环球财经】新加坡11月核心通胀率与整体通胀率均维持在1.2%

Core Insights - The core inflation rate in Singapore for November 2025 remains stable at 1.2%, unchanged from October [1] - Overall inflation rate (CPI-All Items) also holds steady at 1.2%, consistent with the previous month [1] - The stability in core inflation is attributed to rising service sector inflation being offset by declining retail and other goods inflation, as well as a larger drop in electricity and gas costs [1] Detailed Breakdown - Service sector inflation increased slightly from 1.8% to 1.9%, driven by higher costs in point-to-point transport services and health insurance [1] - Retail and other goods inflation decreased from 0.4% to 0.3%, primarily due to falling prices in clothing, footwear, and personal care products [1] - Electricity and gas prices saw a more significant decline, with a year-on-year drop of 4.1%, mainly due to reduced electricity costs [1] - Private transport inflation slowed from 3.8% in October to 3.5%, attributed to a narrowing increase in car prices [1] - Accommodation inflation remained unchanged at 0.3% [1] Future Outlook - The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) project the core inflation rate for the entire year of 2025 to be around 0.5%, with overall inflation expected to range between 0.5% and 1.0% [2] - For 2026, both core and overall inflation rates are anticipated to fall within the range of 0.5% to 1.5% [2] - The inflation outlook remains uncertain, with geopolitical developments potentially raising import costs, while weaker-than-expected global demand could keep core inflation low for an extended period [2]