Singapore’s core inflation slowed to 5% in March on a year-on-year basis, slightly lower than economists expectations of 5.1%.
It was also lower than February’s figure of 5.5%, which was at a 14-year-high.
Headline inflation for March — which includes accommodation and private transport costs — came in at 5.5% year-on-year, down from 6.3% the month before.
The country’s statistics department revealed that food costs rose the fastest in March, recording a 7.7% year-on-year increase, followed by costs in recreation and culture at 6.8%.
This article was originally published by CNBC.
