FX.co ★ Singapore's Consumer Price Index Drops by -0.1% in March 2024

Singapore's Consumer Price Index (CPI) took a slight dip in March 2024, recording a decrease of -0.1% compared to the previous month. This marks a shift from the previous indicator in February 2024, which had shown a 1.1% increase. The data, updated on 23 April 2024, highlights the month-over-month comparison, indicating a decrease in consumer prices for the specified period.

The slight decrease in CPI could impact various sectors of the economy, influencing consumer spending patterns and inflation rates. As Singapore continues to navigate economic fluctuations, policymakers and analysts will closely monitor the CPI trends to assess the overall impact on the country's economic stability and growth trajectory. Stay tuned for further updates on Singapore's economic indicators and trends.