Singapore Core Inflation Rises at Fastest Pace Since December

Singapore’s key inflation gauge accelerated at a faster-than-expected pace in October suggesting strong economic momentum may be adding to price pressures.

The core inflation rate, which excludes housing and private transportation costs, stood at 1.2% from a year earlier, according to a statement by the Department of Statistics Singapore on Monday. That’s stronger than the 0.4% in September and the 0.7% median estimate in a Bloomberg News survey.