Meanwhile, core inflation – which excludes accommodation and road transport costs – came in at 0.3%, a significant drop from the 0.6% logged in the previous month and below the 0.9% predicted by the Bloomberg poll.
SINGAPORE (Feb 24): Singapore’s headline and core inflation for January has fallen sharper than expected by economists and official forecasts.
Headline inflation – the measure of the total inflation in the economy – came in at 0.8%, unchanged from the month before, according to the consumer price index (CPI) released by the Department of Statistics on Monday. The data is a smidgen below the 0.9% forecast by private-sector watchers in a Bloomberg poll.
