SINGAPORE: Singapore's key consumer price gauge rose 1.7% in March from a year earlier, official data showed on Thursday.
The core inflation rate, which excludes private road transport and accommodation costs, matched the median forecast by a Reuters poll of economists.
Headline inflation was 1.8% in annual terms in February, also matching the poll forecast. Earlier this month, the Monetary Authority of Singapore tightened monetary policy and raised its 2026 forecasts for both core inflation and headline inflation to 1.5% to 2.5%, up from a previous forecast of 1% to 2%.
The central bank warned that imported energy prices have risen sharply and were likely to remain elevated for some time, even if supplies from the Middle East were restored.
"As higher energy costs pass through supply chains worldwide, a broader range of Singapore's imported costs will increase," it said on April 14. - Reuters
