Economics
Singapore CPI Rises to 10-Year High on War, Covid Disruptions
- MAS core inflation up 2.9% in March after 2.2% in February
- Central bank says Ukraine, Covid remain risks for price growth
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Core inflation in Singapore accelerated faster than expected to the highest in a decade, in sync with the central bank’s projections that price growth may worsen before it gets better on geopolitical shocks and supply-chain backlogs.