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Singapore March Inflation Accelerates

Singapore's annual inflation rose to 5.2 percent in March from 4.6 percent in February, a joint statement released by the Ministry of Trade and Industry and the Monetary Authority of Singapore showed Monday. The annual rate exceeded the 4.7 percent consensus forecast.

Month-on-month, consumer prices climbed 0.8 percent in March largely due to higher car prices.

Meanwhile, excluding the costs of accommodation and private road transport, core annual inflation edged down slightly to 2.9 percent from 3 percent in February.

by RTTNews Staff Writer

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