Singapore's key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists' forecasts and the smallest rise in nearly three years, official data showed on Monday.

SINGAPORE - Singapore’s core inflation continued on its decline in November to a three-year low on the back of easing food and services costs. Core inflation, which strips out private transport and accommodation costs to better reflect the expenses of households here, fell to 1.9 per cent year on year, from 2.1 per cent in October.

Core inflation is projected to average 2.5 to 3.0 per cent in 2024 as a whole, before stepping down further to 1.5 to 2.5 per cent in 2025.