Singapore Inflation Cools in March as MAS Retains 2024 Forecast
- March core inflation slowed to 3.1%, after 3.6% in Feb.
- Geopolitical tensions, weather events are risks to outlook
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Singapore’s core inflation eased in March on lower food prices and cost of services, with the disinflationary trend expected to continue barring any supply shocks from geopolitical tensions.
Gains in the core measure, which excludes housing and private transportation costs, slowed to 3.1% last month from a year ago, official data showed Tuesday. That was lower than the median 3.5% expected in a Bloomberg survey of economists, and compares with a seven-month high of 3.6% in February.