Summary 

MAS Core Inflation fell to ‐0.1% on a year‐on‐year (y‐o‐y) basis in February, from 0.3% in January.
o This was largely due to a decline in the cost of services.

Similarly, CPI‐All Items inflation came in lower at 0.3% y‐o‐y in February, compared to 0.8% in the previous month.
o This occurred mainly due to the fall in core inflation as well as lower private transport inflation.

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MONETARY AUTHORITY OF SINGAPORE
MINISTRY OF TRADE AND INDUSTRY
23 March 2020