Singapore Inflation Cooled More Than Expected in March

Singapore’s inflation rate in March was lower than expected, as prices in categories such as food, transport, and utilities increased at a slower pace. The consumer-price index rose 2.7% compared to the previous year, down from the 3.4% increase in February. This figure was below the median estimate of a 3.1% rise projected by economists. The trajectory of inflation in Singapore has been volatile in recent months.