Singapore’s core inflation rises to 1.4% in February, highest since December 2024

SINGAPORE: Singapore’s core inflation rose to 1.4 per cent on a year-on-year basis in February, up from 1 per cent in January, official data released on Monday (Mar 23) showed. The figure is the highest since December 2024, largely due to higher inflation in services, food and retail and other goods, partly reflecting seasonal effects associated with the Chinese New Year, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in a joint media release. On a month-on-month basis, core prices – which exclude accommodation and private transport – increased by 0.5 per cent…