Singapore: Inflation lost momentum in March – UOB – by pabspiovano Singapore Inflation CPI Banks
Key Takeaways
“Headline and core CPI inflation eased and further converged in Mar 2023. Headline CPI rose by 0.5% m/m NSA, from 0.6% in Jan. Despite the m/m increase, CPI inflation rose at a slower pace of 5.5% y/y in Mar . Similarly, core inflation rose sequentially in Mar by 0.2% m/m . Core inflation, like the headline, also eased noticeably in Mar despite the sequential increase, coming in at 5.0% y/y .
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