Singapore’s raffles at lunchtime.
Roslan Rahman | AFP | Getty images
Singapore inflation In March, it remained more than four years old, the consumer price index of the city of the city of the climbing 0.9%, from year to year.
Singapore’s monetary authority said The increase in food and private transport costs in March mainly contributed to the inflation of the titles.
Mars inflation was lower than the reuters’ expectations of the 1.1% survey, and the same as the 0.9% observed in February. On a monthly basis, the IPC decreased by 0.1% in March.
Central inflation – which removes private transport and accommodation prices – slowed 0.5% compared to the reading of 0.6% of February. This was due to a drop in inflation in large core CPI categories, unless food.
Reading inflation occurs while Singapore is preparing for a general election on May 3, with a campaign from Wednesday while the candidates filed their appointments.
Prime Minister Lawrence Wong said in A video Tuesday These pressures on the cost of living was “a real concern” for Singapore. “It is because of wars in Europe and the Middle East, due to the world disturbances of the supply chain, and now because of the rates and commercial wars,” said Wong.
Singapore supported its monetary policy For the second consecutive period earlier in April, while the state of the city considers zero growth this year as a possibility after having displayed an expansion of GDP lower than what GDP is 3.8% for the first quarter. The last reading allows more space for the country to mitigate policies and increase growth.
The growth of quarterly Singapore quarterly GDP has missed expectations of 4.3% of the economists interviewed by Reuters, and was less than the 5% expansion observed in the last quarter of 2024.
The country ministry and the country’s industry decreased its GDP forecasts to 0% to 2% for 2025, down compared to its previous prospects from 1% to 3% – Mas also projected GDP growth from 0% to 2% for 2025.
In a press release, MTI said that the slowdown in growth was due to the decline in manufacturing, as well as certain sectors of service such as finance and insurance.
