Summary

• MAS Core Inflation fell to ‐0.2% on a year‐on‐year (y‐o‐y) basis in March, from‐0.1% in February.
  • This was largely due to a steeper decline in the cost of services.
• Similarly, CPI‐All Items inflation dipped to 0% y‐o‐y in March, from 0.3% in theprevious month.
  • This mainly reflected a fall in the cost of private transport and a steeperdecline in the cost of services.

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