pstrongIn February, headline inflation was at 3.4 YoY./strong/p pThe rate of price increase slightly slowed to 2.7% YoY in March, data from the Department of Statistics (SingStat) showed./p pa href="https://sbr.com.sg/economy/in-focus/inflation-rises-34-yoy-in-february"In February, inflation was at 3.4%/a.
The rate of price increase slightly slowed to 2.7% YoY in March, data from the Department of Statistics showed.The smaller expansion of the headline or consumer price index -all items inflation was due to a decline in private transport costs and lower core inflation.Other expenditure divisions which saw slower price movements in March were food , services , retail and other goods , accommodation , electricity and gas .
The lower food and services inflation drove the decline in MAS core inflation, which eased to 3.1% YoY in March from 3.6% in February. The Ministry of Trade and Industry and the Monetary Authority of Singapore expect core inflation to"stay on a gradual moderating trend over the rest of the year as import cost pressures continue to decline and tightness in the domestic labour market eases."Excluding the transitory effects of the 1%-point increase in the GST rate to 9%, the agencies expect headline and core inflation to come in at 1.5%-2.5%...
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Non-oil domestic exports fall 20.7% YoY in MarchpstrongThe decline in non-electronic NODX contributed largely to the drop. /strong/p pNon-oil domestic exports (NODX) contracted by 20.7% YoY and 8.4% MoM in March, extending thea href="https://sbr.com.sg/economy/news/non-oil-domestic-exports-slip-01-yoy-in-february" decline in February.
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CICT NPI rises 6.3% YoY to $293.7M in 1Q24pstrongGross rental income growth and lower operating expenses drove the uptick./strong/p pCapitaLand Integrated Commercial Trust (CICT) saw its net property income (NPI) increase 6.3% YoY to $293.7m in 1Q24, driven by gross rental income growth and lower operating expenses./p pThe REIT also posted a 2.
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