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Singapore Inflation Rises Slightly In March

Singapore's inflation rose marginally in March, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Tuesday.

The consumer price inflation rose to 0.6 percent in March from 0.5 percent in February. Economists had expected a 0.7 percent rise in inflation.

The inflation uptick was due to higher services and food inflation, modest declines in private road transport and accommodation costs, which outweighed the smaller increases in the costs of retail items and electricity and gas.

On a month-on-month basis, overall consumer prices fell 0.1 percent in March, reversing a 0.5 percent rise in February.

Meanwhile, MAS core CPI fell 0.2 percent month-on-month after edging up 0.2 percent in the previous month.

The MAS core inflation climbed 1.4 percent in March, following a 1.5 percent rise in February. Economist had expected a 1.7 percent increase.

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