Inflation eases to 6.5% in December

It came in lower due to the moderation in private transport inflation.

The rate of price increase slowed to 6.5% in December 2022, data from the Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) showed. In November 2022, inflation was at 6.7%.

The moderation of the headline or consumer price index (CPI)-all items inflation was on the back of slower private transport inflation (15.5% from 17.2%).

MAS and MTI said private transport prices moderated "as car and petrol prices rose at a more gradual pace."

Price movements also slowed down for retail and other goods (2.8% from 3.3%), accommodation (4.7% from 4.8%), electricity and gas (16.5% from 16.7%).

Services and food inflation, on the other hand, edged up in December to 3.7% from 3.6% and to 7.5% from 7.3%, respectively.

The higher inflation for food and services offset the smaller price increases for trail and other goods as well as electricity and gas, resulting in the MAS core inflation being unchanged from November at 5.1%.

For the whole of 2022, MAS and MTI expect headline inflation and core inflation to average around 6.1% and 4.1%, respectively.

Follow the link s for more news on

MAS

Ministry of Trade and Industry

Singapore inflation

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia