By Gaurav Raghuvanshi
SINGAPORE--Singapore's consumer prices were flat as expected in November, as higher food prices were countered by a drop in transportation and housing costs.
The consumer-price index was unchanged from the previous year, matching the median estimate in a poll of five economists by The Wall Street Journal. It fell 0.1% in October.
Housing and utilities costs, which make up 26.3% of the index, declined 3.7% on year in November. Transportation costs, which have an index weighting of 15.8%, fell 0.3%.
Food prices, which have a 21.7% weighting in the index, rose 2.0% on year, the data showed.
The central bank's core-inflation measure, which strips out private road transport and accommodation costs, accelerated to 1.3% in November from 1.1% in October, the data showed.
Write to Gaurav Raghuvanshi at firstname.lastname@example.org
(END) Dow Jones Newswires
December 23, 2016 00:15 ET (05:15 GMT)
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