Singapore’s inflation rate climbed for a second straight month, year on year, with price growth in October hitting a near 1-year high and topping analysts’ expectations. After hitting a four-year low in August, consumer prices rose 1. 2% highest since August 2024 compared with the average 0. 9% estimated by economists polled by Reuters and the 0. 7% rise in September. Core inflation in the city-state which strips out prices of accommodation and private transport also rose to 1. 2%, up from 0. 4% and compared with the 0. 7% expected in the Reuters poll. On a month-on-month basis, the consumer price index was flat, with core inflation coming at 0. 5% compared to the prior month. Inflation data comes as Singapore on Friday sharply upgraded its economic growth forecast to 4% from 1. 5%-2. 5%, as it posted robust third-quarter GDP numbers. The economy grew 4. 2% in the third quarter from a year earlier, beating estimates and extending the second quarter’s 4. 7% expansion. Singapore’s Ministry of Trade and Industry said that global economic conditions had turned out more resilient than expected, but warned that growth would likely cool in 2026 as U. S. tariffs weigh on global demand. Singapore’s exports to the U. S. are subject to a 10% baseline tariff, despite the country having a trade deficit with the U. S. and also a free trade agreement going back to 2004. The country’s economy is hugely dependent on trade, with World Bank data showing that Singapore has a trade-to-GDP ratio of over 320% in 2024. In the third quarter, Singapore recorded a 3. 3% fall in non-oil domestic exports, or NODX, year on year, dragged by weaker pharmaceutical and petrochemical exports. In October though, NODX surged 22. 2% compared to a year earlier, driven by exports of non-monetary gold and electronic products. The Monetary Authority of Singapore has forecast inflation around 0. 5% to 1% for 2025. The MAS held monetary policy unchanged in its October meeting, saying that Singapore’s economic growth had been stronger than expected. -CNBC’s Anniek Bao contributed to this report. This is breaking news, please check back for updates.
https://www.cnbc.com/2025/11/24/singapore-inflation-october-cpi-tops-estimates.html
Related Posts
Trump has been nominated for Nobel Peace Prize earlier, experts doubt chances
Longtime Nobel watchers say Trump`s prospects remain remote despite a flurry of high-profile nominations and some notable foreign policy interventions for which he has taken personal credit
Boys hockey: Prairie Centre thwarts Willmar Cardinals
Boys hockey: Prairie Centre thwarts Willmar Cardinals
The Best Beers In Canada—Winners Of The 2025 Canada Beer Cup
The post The Best Beers In Canada-Winners Of The 2025 Canada Beer Cup appeared com. Flacatoune from MicroBrasserie Charlevoix is the best beer in Canada, winning Best of Show gold at the 2025 Canada Beer Cup. Courtesy of MicroBrasserie Charlevoix Winners of the 2025 Canada Beer Cup were announced on November 10, 2025 at a gala held in Quebec City, Quebec. The best beers in Canada were also celebrated at satellite watch parties held in brewery taprooms across the country. Canada has almost 1, 400 breweries. Those breweries serve a population of fewer than 42 million people, meaning it has it has more breweries per capita than America. While America may be the home of the modern craft beer movement, Canada is a more competitive landscape. So, Canada boasts two national beer competitions: the Canadian Brewing Awards, founded in 2000, and the Canada Beer Cup, founded in 2022. In America, the Great American Beer Festival is the nation’s undisputed most-prestigious beer competition. But in Canada, both the Canadian Brewing Awards and the Canada Beer Cup are respected by both brewers and consumers. Winners at either-or, for the best breweries, both-are quick to celebrate. Despite this being just the fourth edition of the Canada Beer Cup, the competition has overtaken the Canadian Brewing Awards to become the country’s largest beer competition. This year, over 1, 800 beers-a record number of entries-from over 300 breweries representing every province and territory of Canada competed for medals. For the first time, the 2025 Canada Beer Cup included awards for cider, divided into five categories. The Canada Beer Cup is organized by the Canadian Craft Brewers Association, which is composed of representatives of brewing associations representing the provinces of Canada. The Canadian Craft Brewers Association represents the interests of Canada’s commercial craft breweries through advocacy, lobbying and education. “A number of beer competitions around the world are seeing reduced numbers of entries,.