Singapore's core inflation cools more than expected

Good sign: A view of the Jewel Changi Airport in the city-state. Core inflation is likely to drift down towards 2.5% by the fourth quarter, opening the door for MAS to ease policy at its October meeting. — Reuters

SINGAPORE: Singapore’s core inflation eased more than expected in March as prices of food and services rose at a slower pace, with overall inflation dropping to a 2½-year low.

Core inflation – which excludes private accommodation and transport costs to better represent the expenses of Singapore households – fell to 3.1% year on year in March.