The consumer price index in Singapore remains at its lowest level for 4 years, while the state is preparing for the elections

Singapore enlargement In March, it remained in less than four years, with the city’s consumer price index increased by 0.9 %, on an annual basis.

The monetary authority in Singapore said The increases in the costs of food and private transportation in March mainly contributed to the title enlargement.

Infection in March was 1.1 % less than a Reuters poll prediction, and the same 0.9 % in February. On a monthly basis, the consumer price index fell 0.1 % in March.

Basic inflation – Which puts private transportation and residence prices – slowed up to 0.5 % of February reading by 0.6 %. This was due to low inflation across CPI, broad categories, except for food.

The inflation reading comes at a time when Singapore is preparing in general elections on May 3, when the campaigns began on Wednesday when the candidates presented their nomination papers.

Prime Minister Lawrence Wong said at Tuesday video This living cost pressure was a “real source of concern” for Singapore. “Because of the wars in Europe and the Middle East, due to global supply chain disturbances, and now because of the tariff and commercial wars,” Wong said.

Singapore Her critical policy has eased For the second time in a row earlier in April, when the city sees zero growth this year as a possibility after deploying expansion in GDP less than expected by 3.8 % for the first quarter. The last reading provides more space for the country to reduce policy and increase growth.

The annual GDP growth in Singapore was lost on an annual basis of expectations by 4.3 % of Reuters economists, and was 5 % less than expansion in the last quarter of 2024.

The country’s Ministry of Trade and Industry has reduced gross domestic product forecasts to 0 % -2 % for 2025, decreasing from its previous perception by 1 % -3 % -Mas also GDP growth by 0 % -2 % for 2025.

In version, MTI said that slowdown was due to a decrease in manufacturing, as well as some services sectors such as financing and insurance.