Singapore: The core inflation rate, which excludes private road transport and accommodation costs, rose 5% year-on-year in March, lower than the 5.5% rise seen in February.
The core inflation rate, which excludes private road transport and accommodation costs, rose 5% year-on-year in March, lower than the 5.5% rise seen in February.The rate was driven by lower inflation for services, food, retail and other goods, according to a joint statement by the Monetary Authority of Singapore and the trade ministry.
“Accommodation costs seem to be peaking, while food and private transport costs will likely continue to ease from last year’s,” she said. “We expect both headline and core inflation to gradually ease and do not expect MAS to further move in October.” — Reuters
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