Singapore’s core inflation dips to 0.8% in January, lowest since June 2021

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SINGAPORE: Singapore’s main prices fell to 0.8 per cent year-on-year in January, from a revised 1.7 per share in December last year.

According to the Monetary Authority of Singapore ( MAS ) and the Ministry of Trade and Industry ( MTI), inflation decreased across all major consumer price index categories on Monday ( Feb 24 ). &nbsp,

Core inflation last decreased in June 2021, when it was 0.6 % lower.

On a month-on-month base, core inflation, which excludes hospitality and personal travel, decreased by 0.2 per share.

However, overall inflation eased to 1.2 per share in January, from 1.5 per share in December.

” This reflected a restraint in accommodation prices, in addition to the drop in primary prices”, said the regulators.

On a month-on-month base, overall inflation – which excludes non-consumption expenses such as buying of buildings, stock and other financial assets and income fees – fell by 0.7 per share.