Singapore March core inflation rises at fastest pace in a decade

div classBodysc17zpet90 cdBBJodivpSINGAPORE Reuters – Singapores key consumer price gauge rose in March by its fastest pace in a decade, outpacing economist forecasts, driven by higher inflation for food and services, official data showed on Monday.p

pThe core inflation rate — the central banks favoured price measure – rose to 2.9 in March on a yearonyear basis, the highest since March 2012. A Reuters poll of economists had forecast a 2.4 increase.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pHeadline inflation rose to 5.4, the fastest since April 2012, compared with economists forecast of 4.7. p

pSingapores central bank tightened its monetary policy earlier this month, making a double barrel move, as the citystate ramped up its battle against soaring prices made worse by the Ukraine war and global supply snags.p

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pp Reporting by Aradhana Aravindan Editing by Martin Pettyp

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