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Singapore March inflation to pick up from 4-year low: poll

Published on Apr 17, 2014 3:42 PM
 
Singapore's consumer prices in March likely rose from a four-year low in February, when headline inflation eased due to a high base of comparison a year earlier, a Reuters poll showed. -- ST FILE PHOTO: CAROLINE CHIA

SINGAPORE (Reuters) - Singapore's consumer prices in March likely rose from a four-year low in February, when headline inflation eased due to a high base of comparison a year earlier, a Reuters poll showed.

The all-items consumer price index (CPI) in March probably rose 1.1 per cent year-on-year, according to the median forecast in a Reuters poll of 12 economists, up from February's 0.4 per cent rise, which was the lowest increase since January 2010.

The drop in consumer inflation in February was caused by lower prices of car permits compared with a peak in early 2013, and a moderation in food inflation from a seasonal pick-up in February 2013 that was related to the Lunar New Year holiday.

Such base effects are expected to wear off in March, and cause consumer inflation to pick up from February's trough.

 
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