Singapore's Core Inflation Hits 1.4% in February

As global inflation fears intensify due to the ongoing Middle East war, Singapore has released its latest consumer price data, adding to the broader economic picture. Official figures released Monday show Singapore's core inflation, which excludes private road transport and accommodation costs, rose 1.4% in February compared to a year earlier, coming in slightly above the median economist forecast of 1.3% in a Reuters poll. Headline inflation, which captures the full range of consumer prices, came in at 1.2% year-over-year in February, landing marginally below the poll forecast of 1.3%. The slightly hotter-than-expected core reading signals that underlying price pressures in Singapore remain present, even before the full impact of surging global energy costs from the Middle East conflict filters through.