Singapore Feb core inflation accelerates to 7-month high amid Lunar New Year

SINGAPORE: Singapore's February core inflation accelerated to its fastest pace in seven months, official data showed on Monday, as seasonal effects from the Lunar New Year drove services and food prices higher.

The core inflation rate, which excludes private road transport and accommodation costs, came in 3.6% in February from a year earlier, faster than the 3.4% forecast by a Reuters poll of economists and the 3.1% seen in January.