Core Inflation in Singapore at Highest Level in 10 Years in March

The Monetary Authority of Singapore (MAS) announced today that Singapore’s core inflation rate rose at its fastest pace in 10 years in March, driven by higher prices of food and services.

Core inflation rose by 2.9% year-on-year in March. This was the strongest increase since March. 2012

Headline inflation rose to 5.4% in March, the strongest increase since April. 2012

The Monetary Authority of Singapore (MAS) tightened its monetary policy earlier this month due to the increase in product prices caused by the war and global supply shortages.

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