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Singapore's core inflation eases to 2.2%; global inflation expected to stay high: MAS and MTI

Felicia Tan
Felicia Tan3/23/2022 3:39 PM GMT+08  • 6 min read
Singapore's core inflation eases to 2.2%; global inflation expected to stay high: MAS and MTI
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Singapore’s core inflation monitored by the Monetary Authority of Singapore (MAS) has eased to 2.2% in the month of February from the 2.4% recorded in January. The figure stands below the estimated 2.6%, according to market watchers.

The lower core inflation was attributed to lower inflation for services, food, as well as electricity & gas, according to data released by MAS and the Ministry of Trade and Industry (MTI) on March 23.

However, MAS and MTI have warned MAS core inflation is likely to increase in the near term, and could reach 3% in the middle of 2022 before easing in the second half of the year as external inflation recedes.

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