Singapore Inflation Slows In February

Singapore's consumer price inflation slowed in February, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.

The consumer price index rose 0.3 percent year-on-year in February, slower than 0.8 percent increase in January. Economists had expected a 0.4 percent increase.

The latest inflation was driven by a decrease in services cost and private transportation inflation.

MAS core CPI, which excludes the costs of accommodation and private road transport, fell 0.1 percent in February, after a 0.3 percent rise in the preceding month.

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