In January 2019, CPI-All Items inflation and MAS Core Inflation eased to 0.4% and 1.7% on a year-onyear (y-o-y) basis respectively, from 0.5% and 1.9% in the previous month. This largely reflected a slower pace of increase in the cost of electricity & gas, which outweighed higher services inflation. 

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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
25 February 2019