Singapore's core inflation in February rises to 3.6% amid Chinese New Year spending
The core inflation figure for February is the highest since July 2023.
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The core inflation figure for February is the highest since July 2023.
MAS and MTI say February's higher core prices were driven by higher services and food inflation, partly reflecting seasonal effects associated with Chinese New Year. (Photo credit: The Business Times) Source: The Business Times
Core inflation is, however, expected to pick up in February, reflecting the effects of Chinese New Year spending.
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