Singapore's core inflation drops to 0.8pc in January, lowest in over three years

SINGAPORE, Feb. 24 -- Singapore's core inflation dropped to 0.8 per cent year-on-year in January, down from a revised 1.7 per cent in December, marking its lowest level since June 2021 when it stood at 0.6 per cent.

The decline was driven by lower inflation across all broad consumer price index categories, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said today, according to a report in Channel News Asia.

On a month-on-month basis, core inflation, which excludes accommodation and private transport, fell by 0.2 per cent.

Meanwhile, overall inflation eased to 1.2 per cent in January from 1.5 per cent in December, reflecting a moderation in accommodation inflation along with the decline in core infl...