Singapore Core Inflation Eases to 3.1% in March

The decline in inflation is attributed to slower price increases in food and services, with expectations for continued moderation.

Singapore's core inflation fell to 3.1% year-on-year in March, lower than the anticipated 3.5%.
Headline inflation also decreased to 2.7%, reflecting a drop in private transport costs and food prices.
Economic forecasts suggest a moderating trend in inflation due to declining global commodity prices and a strengthening Singapore dollar.
Private transport and accommodation costs are expected to remain lower, contributing to the overall easing of inflation.
Risks to inflation include potential global geopolitical shocks and adverse weather events that could affect food and energy prices.