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Economy And The Numbers

Singapore Inflation Eases To 2.7%, Lowest In 30 Months

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Singapore consumer price inflation slowed in March to the lowest level in two-and-a-half years, largely due to a decline in private transport costs, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Tuesday.

The consumer price index rose 2.7 percent on a yearly basis in March, slower than the 3.4 percent increase in February. Economists had expected inflation to moderate to 3.1 percent.

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