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SINGAPORE’s core inflation rose to 0.7% in April, the first increase in a year, driven by higher costs in services and food, as reported by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). Overall inflation remained at 0.9%, as lower accommodation and transport costs offset the rise in core inflation. The authorities project both core and overall inflation to average between 0.5% and 1.5% in 2025, with risks to inflation primarily tilted downwards due to uncertainties in the external environment.
