SINGAPORE: Singapore's February core inflation rate eased to 1.5 per cent from a year earlier, its lowest in nine months, due to smaller increases ...
SINGAPORE: Singapore's February core inflation rate eased to 1.5 per cent from a year earlier, its lowest in nine months, due to smaller increases in the cost of services, retail items as well as electricity and gas, said the Monetary Authority of Singapore and the Ministry of Trade and Industry in a joint release on Monday .
According to data released by Singstat on Monday, services costs increased by 1.5 per cent in February year-on-year, less than the 1.7 per cent recorded in January.Electricity and gas costs rose at a slower pace of 5.5 per cent than the January rate of 6.5 per cent, reflecting the effect of the open electricity market's effect on electricity prices.Headline CPI edged up to 0.
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