India, Feb. 24 -- Singapore's consumer price inflation softened unexpectedly at the start of the year, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.
The consumer price index rose 1.2 percent on a yearly basis in January, slower than the 1.5 percent increase in December. Meanwhile, economists had expected inflation to rise to 2.2 percent.
Data showed that core inflation also eased to 0.8 percent in January from 1.7 percent in December.
The slowdown in overall inflation in January was on the back of lower inflation across most major categories of the CPI basket, the MAS said.
Services inflation eased to 1.0 percent from 1.6 percent, largely due to a fall in the costs of gene...