Singapore CPI Steady

Singapore recorded its fourth month of positive inflation last month, with the consumer price index holding steady from February, SBR.com reported. Headline inflation was unchanged at 0.7% year on year, according to official figures released Monday. Core inflation was 1.2% last month, the same as in February, as price changes in the core components of the consumer price index basket were broadly stable. The core inflation figure excludes changes in the price of cars and accommodation, and better reflects everyday consumption patterns. The Monetary Authority of Singapore and the ministry of trade and industry said in a joint statement that they expect a temporary increase in inflation this year on the back of “administrative price adjustments”. These include the rise in carpark charges and household refuse collection fees, and upcoming increases in water prices and service and conservancy charges.