Singapore: Inflation stable in March
April 24, 2017
In March, consumer prices in Singapore stayed flat over the previous month, matching February’s reading. According to Statistics Singapore, the reading mainly reflected higher prices for transport and clothing and footwear offsetting lower prices for communication and housing and utilities.
Inflation came in at 0.7% in March, mirroring February’s result. The reading matched market expectations. The annual average variation in consumer prices inched up from February’s minus 0.3% to minus 0.2%.
The Monetary Authority of Singapore’s (MAS) core inflation measure, which excludes the cost of accommodation and private road transport, recorded a 1.2% increase in March, matching February’s reading.