SINGAPORE, March 24 (Xinhua) -- Singapore's core inflation slowed to 0.6 percent year-on-year in February, down from 0.8 percent in January, according to official data released on Monday.

The decline was driven by lower inflation across all major core consumer price index (CPI) categories, except for retail and other goods, the Ministry of Trade and Industry and the Monetary Authority of Singapore said in a joint statement.

This marked the lowest core inflation rate since June 2021, when it also stood at 0.6 percent, and is significantly below the 3.6 percent recorded in February 2024, local media reported.

On a month-on-month basis, the core CPI rose marginally by 0.1 percent. The core CPI excludes private transport and accommodation costs to better reflect day-to-day household expenses.

Meanwhile, Singapore's overall inflation eased to 0.9 percent year-on-year in February, down from 1.2 percent in January. Enditem

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