Economic Buzz: Singapore Core Inflation Rises To 2.9% In March

25 Apr 2022 , 12:18 PM

Singapore core inflation rose to 2.9% on year-on-year basis in March 2022, from 2.2% in February, the Monetary Authority of Singapore and Ministry of Trade and Industry reported. This was driven by higher inflation for food and services. The private transport and accommodation inflation also came in higher. The CPI-All items inflation rose to 5.4% y-o-y in March, from 4.3% in the preceding month. On a month‐on‐month (m‐o‐m) basis, core CPI and CPI‐All Items increased by 0.7% and 1.2% respectively in March. Annual inflation rate climbed to 5.4% in March from 4.3% in February.

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