Singapore inflation eases to 0.2% in March 2018

[chittychitty]

SINGAPORE: Singapore's headline inflation rate eased to 0.2 per cent in March from 0.5 per cent in February, mostly due to a smaller increase in the prices of services and a fall in private road transport cost.

Core inflation - which excludes the costs of accommodation and private road transport - eased to 1.5 per cent in March from 1.7 per cent the previous month, reflecting lower services inflation.

Data released by the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Monday (Apr 23) showed that the cost of private road transport fell by 0.6 per cent in March, reversing the 0.6 per cent increase the previous month. This came as car prices fell following a decline in Certificate of Entitlement (COE) premiums, MAS and MTI said in a release.

Services inflation slowed to 1.4 per cent in March from 1.9 per cent in the previous month, mainly reflecting smaller year-ago increases in air fares and holiday expenses.

More at https://www.prolificcrap.com/forum/current-affairs/singapore-inflation-eases-to-0-2-in-march-2018

 

[glockman]

I would be cautious with any data put out by this government.

 

[Leongsam]

This proves that the PAP does a very good job in managing the economy and finances of the country.