Singapore's core inflation edged down to 5.1% on-year in October from September's 5.3% -- dipping for the first time in eight months. Prices of electricity, gas and retail goods rose at a slower pace. But the Trade and Industry Ministry said prices will remain high, given ongoing supply constraints. Meanwhile, headline inflation, which includes accommodation and private transport costs, fell 0.8 percentage points from 7.5% in September to 6.7% in October. Overall inflation in 2023 is expected to be between 5.5% and 6.5%.
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