Singapore's Core Inflation Hits 3.6% in February
Monday, 25 March 2024, 06:58
Singapore Core Inflation Update
The core inflation figure for February reached a notable 3.6%, marking a substantial increase since July 2023. This surge was largely influenced by heightened spending during the Chinese New Year festivities.
Key Points:
- Highest Level: The core inflation rate is at its peak since July 2023, indicating a notable uptrend.
- Economic Implications: The surge in inflation suggests potential impacts on consumer purchasing power and overall economic stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.