Summary

• MAS Core Inflation fell to 0.6% on a year-on-year (y-o-y) basis in February, from 0.8% in January.
  • This was driven by lower inflation across all broad core CPI categories other than retail & other goods.
  • On a month-on-month (m-o-m) basis, core CPI edged up by 0.1%.
• CPI-All Items inflation eased to 0.9% y-o-y in February, from 1.2% in January.
  • This reflected a moderation in private transport inflation, in addition to the fall in core inflation.
  • On a m-o-m basis, CPI-All Items increased by 0.8%.

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MONETARY AUTHORITY OF SINGAPORE

MINISTRY OF TRADE AND INDUSTRY

24 MARCH 2025