Singapore's MAS Core Inflation rises to 0.5 pct in March; 38 Covid-19 cases reported - 2 in community and 1 at workers' dorm

Singapore reported 39 new Covid-19 cases, including two cases in the community and one in a foreign workers' dormitory on Friday (April 23). The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said on Friday that the MAS core inflation rose to 0.5 per cent on a year-on-year basis in March, from 0.2 per cent in February. - The Strait Times/ANN

SINGAPORE, April 23 (Xinhua): The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said on Friday that the MAS core inflation rose to 0.5 per cent on a year-on-year basis in March, from 0.2 per cent in February.

This was driven by higher services inflation, as well as smaller declines in the retail and other goods costs and in the electricity and gas costs.