pstrongThis is faster following a 2.9% slowdown in January./strong/p pThe prices of goods and services rose to 3.4% year-on-year in February, data from the Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) showed./p pHeadline or Consumer Price Index-All Items inflation slowed to 2.
The prices of goods and services rose to 3.4% year-on-year in February, data from the Ministry of Trade and Industry and Monetary Authority of Singapore showed.MAS core inflation grew to 3.6% YoY, rising from 3.1% in January, reflecting seasonal effects related to the Chinese New Year.
MTI and MAS said unit labour costs slowed alongside the cooling of the labour market but businesses are still expected to continue passing through higher labour and other business costs to consumer prices at a gradual pace. For the whole year, MTI and MAS projected that both headline and core inflation will average between 2.5% and 3.5%. Excluding the transitory effects of the goods and services tax hike, they will range between 1.5% and 2.5%....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.