00:00 Singapore's February core inflation hit its highest level in seven months, reaching 3.6%
00:06 year-on-year, driven by rising services and food prices due to seasonal effects from the
00:11 Lunar New Year.
00:13 Headline consumer prices also increased to 3.4% from the previous year.
00:18 The Trade, Ministry and Monetary Authority of Singapore, or MAS, attributed this increase
00:24 to higher services and food inflation linked to Chinese New Year.
00:28 Core inflation is expected to gradually moderate through the year due to declining import cost
00:34 pressures and an easing domestic labor market.
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