Singapore core inflation inches up to 0.7% in December
Could this be due to the announcing fo the coming raise is GST ?Food inflation edged up to 1.8 per cent year-on-year in December, from 1.7 per cent in November, due to a faster pace of increase in the prices of non-cooked food and prepared meals.
could this be the people is not earning sufficient to spend on other than basic food and public transport ? no extra money to spend ?The cost of retail goods fell by 0.7 per cent year-on-year in December, steeper than the 0.5 per cent fall in November.
This was because the costs of recreation and entertainment goods and clothing and footwear registered larger declines, negating the rise in the prices of personal care products.