Summary

• MAS Core Inflation eased to 0.5% on a year-on-year (y-o-y) basis in March, from 0.6% in February.

o This was driven by lower inflation across all broad core CPI categories other than food.

o On a month-on-month (m-o-m) basis, core CPI edged down by 0.1%.

• CPI-All Items inflation came in at 0.9% y-o-y in March, unchanged from February.

o This reflected higher private transport inflation which offset the fall in core and accommodation inflation.

o On a m-o-m basis, CPI-All Items decreased by 0.1%.

Please click here for the full press release.

MONETARY AUTHORITY OF SINGAPORE

MINISTRY OF TRADE AND INDUSTRY

23 APRIL 2025