Inflation in Singapore accelerated slightly in March

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According to the Ministry of Trade and Industry and the Monetary Authority of Singapore, in March, consumer price inflation accelerated in Singapore to 0.6% from a February value of 0.5%. Factors such as higher prices for services and food, as well as a moderate reduction in the cost of private road transport and accommodation, contributed to the acceleration of inflation. According to economists, the March inflation was expected at a higher level of 0.7%. Consumer prices in Singapore compared with the previous month decreased by 0.1% after a February increase by 0.5%. Official data also showed that the base consumer price index in monthly terms fell by 0.2% and grew by 1.4% in annual terms.

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