Singapore core inflation falls sharply in January to 0.8%, lowest since 2021

Core inflation hit the lowest level since June 2021, when it was 0.6 per cent. - ST FILE

SINGAPORE: Singapore’s core inflation extended its decline in January to a more than three-year low, on the back of a smaller increase in prices across broad categories except for private transport.

Core inflation, which excludes private transport and accommodation costs to better reflect the expenses of Singapore households, slid to 0.8 per cent year on year, from a revised 1.7 per cent in December.