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Singapore Inflation Cooled More Than Expected in March

·1 min

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.