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Singapore overall inflation edges up to 0.7% in February

Felicia Tan
Felicia Tan3/23/2021 01:26 PM GMT+08  • 6 min read
Singapore overall inflation edges up to 0.7% in February
Core inflation is estimated to be “mildly positive” in 2021 at 0%-1% say MAS, MTI.
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Singapore’s overall consumer price index (CPI) inched up to 0.7% y-o-y in February, from 0.2% in January, according to figures jointly released by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).

The higher inflation was mainly attributed to higher private transport inflation, an increase in services cost, as well as food inflation during the month.

Private transport costs rose by 4.2% y-o-y, up from the 1.9% y-o-y growth in January, due to a stronger pickup in car prices and a smaller decline in petrol prices.

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