Singapore's core inflation slows to 1.9% in November, lowest in three years

Singapore's November core inflation dropped to 1.9% — the lowest in three years — but analysts said price levels are expected to remain high for next year. Market observers expect inflation to ease to a healthy rate of 2% in 2025. Private economists surveyed had expected November's core inflation to hit about 2.1%. Headline inflation, which includes accommodation and private transportation, picked up slightly to 1.6% on-year from October's 1.4%. Nasyrah Rohim reports, while UOB head of research Suan Teck Kin shares what the latest consumer price index (CPI) figures mean for the year ahead.