https://www.wsj.com/economy/singapore-inflation-cooled-more-than-expected-in-march-cd0787b6
Kimberley Kao
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Updated April 23, 2024 5:11 am ET
People sit outside a restaurant in Singapore. Food prices in the city state rose at a slower pace in March. PHOTO: ORE HUIYING/BLOOMBERG NEWS
SINGAPORE—Singapore’s inflation surprisingly cooled to an over two-year low in March but stayed high enough to back views that the central bank will keep policy settings steady until it sees more evidence of price stability.
The country’s consumer-price index climbed 2.7% last month from a year earlier, the department of statistics said Tuesday. That was down from 3.4% in February and comfortably below the median estimate for a 3.1% rise projected by 11 economists in a poll by The Wall Street Journal.
Singapore’s Inflation Unexpectedly Cools to Over Two-Year Low
The country’s consumer-price index climbed 2.7% last month compared with the 3.4% increase in February
ByKimberley Kao
Follow
Updated April 23, 2024 5:11 am ET
SINGAPORE—Singapore’s inflation surprisingly cooled to an over two-year low in March but stayed high enough to back views that the central bank will keep policy settings steady until it sees more evidence of price stability.
The country’s consumer-price index climbed 2.7% last month from a year earlier, the department of statistics said Tuesday. That was down from 3.4% in February and comfortably below the median estimate for a 3.1% rise projected by 11 economists in a poll by The Wall Street Journal.
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