Headline inflation forecast could be raised in April, monetary policy to stay
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE'S core inflation returned to positive territory for the first time after over a year, as prices of services and food rose in February, said the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) in a statement on Tuesday.
Core consumer price index (CPI), which excludes accommodation and private transport, rose 0.2 per cent year on year in February, up from the -0.2 per cent registered in January.
This is the highest core CPI reading, a key indicator that the central bank uses to guide monetary policy, since January 2020.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
