SINGAPORE (Feb 23): Singapore has begun 2021 on a positive note, with headline inflation coming in positive in January after months of being in the red.

Headline inflation – which measures the total inflation in the economy – edged up by 0.2% y-o-y in January, according to the Consumer Price Index (CPI) released by the Department of Statistics (Singstat) on Feb 23.

This is up from the 0% posted in December 2020 and follows an increase in the prices of accommodation and transport.

Meanwhile, core inflation – which gauges price increments to sectors other than accommodation and private transport – edged up to -0.2% y-o-y from -0.3% in the month before. 

To read the full story, click here.