Singapore’s Core Inflation Steady at 1.4% Despite Oil Crunch

Singapore managed to keep its core inflation steady at 1.4% last month, despite the global price hikes in energy and fertilizer due to the ongoing Middle East conflict. This resilience highlights the strength of the city-state's economic policies and its ability to navigate external shocks. The stability in core inflation, which excludes volatile items like food and energy, is crucial for maintaining consumer confidence and ensuring sustainable economic growth amidst global uncertainties.