SINGAPORE, Dec 26 Reuters Singapore39;s key consumer price gauge slowed to 3.2 in November on the year, in line with expectations, official data showed on Tuesday, and headline inflation fell to 3.6.

In a joint statement, the Monetary Authority of Singapore and the trade ministry said headline and core inflation were projected to average 3.04.0 and 2.53.5 respectively in 2024.

The core inflation rate which excludes private road transport and accommodation costs slowed from 3.3 in October, while headline inflation dropped from 4.7 in October, and was lower in November than economists39; forecast of 3.8.

The central bank is set to review monetary policy settings next month after it changed the frequency of policy reviews from a semiannual to a quarterly schedule.

Manufacturing data, also released on Tuesday, showed that manufacturing output increased 1.0 in November on a yearonyear basis.

Reporting by Xinghui Kok; editing by Francesco Guarascio

Source Reuters