The lower headline inflation came on the back of a decline in private transport inflation while core inflation fell due to lower inflation for services, food and retail & other goods.
Singapore’s CPI-All Items inflation (or headline inflation) increased by 5.5% on a y-o-y basis in March, moderating from the 6.3% print in February.
The Monetary Authority of Singapore (MAS) core inflation, which excludes private transport and accommodation, rose by 5% y-o-y in March, down from the 5.5% print in the month before.
