Summary

• MAS Core Inflation rose to 0.5% on a year‐on‐year (y‐o‐y) basis in March, from 0.2% in February.
  • This increase was driven by higher services inflation, as well as smaller declines in the costs of retail & other goods and electricity & gas.
• CPI‐All Items inflation increased to 1.3% in March, from 0.7% in February.
  • The uptick reflected higher private transport inflation, in addition to the rise in core inflation.

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