Singapore's consumer price inflation accelerated in March to the highest level in one-and-a-half years amid rising private transport costs, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Thursday.
The consumer price index, or CPI, climbed 1.8 percent year-over-year in March, faster than February's increase of 1.2 percent.
Moreover, this was the highest inflation rate since September 2024, when prices rose 1.9 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.