Singapore's core inflation rate rose to 3.6% in February due to higher services and food inflation.

Singapore's core inflation rate rose to 3.6% in February, driven by higher services and food inflation during the Lunar New Year celebrations. The rise surpassed economists' expectations and reached its highest level since July 2023. The Monetary Authority of Singapore and the Ministry of Trade and Industry maintained their forecast for underlying inflation in 2024 to be between 2.5% and 3.5%.

March 25, 2024
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