Consumer Price Developments in November 2015 

All Items inflation was -0.8% in November, unchanged from October. While the decline in private road transport cost was more modest, CPI-All Items inflation remained unchanged as food and services inflation eased.

Food inflation moderated to 1.6% from 1.8% in October, on account of a slower rise in the prices of noncooked food and restaurant meals.  Overall services inflation edged down to 0.7% from 0.8% in October. This mainly reflected the lower cost of healthcare services following the introduction of MediShield Life.1 Meanwhile, holiday travel cost rose at a faster pace, alongside a more moderate decline in air fares.

Please click here for the press release: Inflation_Nov15.pdf

MINISTRY OF TRADE AND INDUSTRY
MONETARY AUTHORITY OF SINGAPORE
23 December 2015