MAS Core Inflation eased to 1.4% on a year-on-year (y-o-y) basis in March 2019, from 1.5% in February, as smaller increases in the costs of retail items and electricity & gas more than offset higher services and food inflation.1 Despite lower core inflation, smaller declines in private road transport and accommodation costs on a y-o-y basis contributed to CPI-All Items rising at a faster pace of 0.6% in March compared to 0.5% in February.

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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 APRIL 2019