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Consumer Price Developments in February 2021

Consumer Price Developments in February 2021

Summary

  • MAS Core Inflation rose to 0.2% on a year‐on‐year (y‐o‐y) basis in February, from ‐0.2% in January.
    • This was due to an increase in services costs as well as higher food inflation.
  • CPI‐All Items inflation picked up to 0.7% in February, from 0.2% in January.
    • The increase was driven by higher private transport inflation, in addition to the rise in core inflation.

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