Inflation in Singapore accelerated slightly in March


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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