Singapore February core inflation rate eases to nine-month low

March 25, 2019

SINGAPORE (Reuters) – Singapore’s February core inflation rate eased to 1.5 percent 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, data showed on Monday.

The median forecast in a Reuters poll was for a 1.7 percent rise. The core inflation gauge in January had risen 1.7 percent from a year earlier.

Singapore’s headline consumer price index edged up to 0.5 percent in February from a year earlier, due to more gradual declines in private road transport and accommodation costs.

The median forecast in the poll was for all-items CPI to rise 0.5 percent.

In January, headline CPI rose 0.4 percent year-on-year.

(Reporting by Aradhana Aravindan and John Geddie; Editing by Gopakumar Warrier)

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