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Press Release
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23 FEB 2021
Consumer Price Developments in January 2021
Consumer Price Developments in January 2021
Summary
- MAS Core Inflation edged up to ‐0.2% on a year‐on‐year (y‐o‐y) basis in January, from ‐0.3% in December.
- This was due to a smaller decline in services costs.
- CPI‐All Items inflation rose to 0.2% in January, from 0% in December.
- This was driven by the pickup in core inflation, as well as higher private transport and accommodation inflation.
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