Singapore core inflation hits lowest in more than four years at 0.3%

Singapore’s core inflation, which excludes accommodation and private transport, has eased to its lowest since December 2015. It was 0.3% in January 2020, down from 0.6% in December 2019. Headline inflation held steady at 0.8%. The lower core inflation is due to a steeper drop in retail cost, as well as lower services inflation such as a decline in tuition and other fees. The Monetary Authority of Singapore said the forecast for Singapore’s core and headline inflation for 2020 is expected to hold steady between 0.5% and 1.5%.

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