Singapore core inflation at 1.4% y/y in February, slightly higher than expected

Shoppers browse merchandise in a shopping mall at Orchard Road, Singapore. — Reuters

SINGAPORE: Singapore's key consumer price gauge rose 1.4% in February from a year earlier, official data showed on Monday.

The core inflation rate, which excludes private road transport and accommodation costs, was slightly higher than the median forecast of 1.3% in a Reuters poll of economists.

Headline inflation was 1.2% in annual terms in February, slightly lower than the poll forecast of 1.3%. - Reuters