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Singapore core inflation hits lowest in more than 4 years at 0.3% | Video

02:28 Min
Singapore's core inflation gauge in January hit its lowest level in four years, data on Monday (Feb 24) showed, due to lower services and retail prices that authorities said would persist as the coronavirus outbreak takes a hit on the country's economy. Core inflation rose 0.3 per cent from a year earlier, according to a joint release by the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI), well below analysts' expectations of 0.8 per cent in a Reuters poll.
Singapore's core inflation gauge in January hit its lowest level in four years, data on Monday (Feb 24) showed, due to lower services and retail prices that authorities said would persist as the coronavirus outbreak takes a hit on the country's economy. Core inflation rose 0.3 per cent from a year earlier, according to a joint release by the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI), well below analysts' expectations of 0.8 per cent in a Reuters poll.

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