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Singapore March core inflation eases to 1.4 pct, misses estimates

Reuters SG

SINGAPORE, April 23 (Reuters) - Singapore's March core inflation eased to its lowest level in almost a year, data on Tuesday showed, missing expectations.

The 1.4 percent year-on-year reading was the lowest since April 2018.

The median forecast in a Reuters poll was for the measure closely watched by policymakers to rise 1.7 percent from a year earlier, edging up from February's 1.5 percent print.

Singapore's headline consumer price index edged up to 0.6 percent in March from a year earlier, in line with the poll expectations.

Headline CPI in February rose 0.5 percent from a year earlier. (Reporting by John Geddie, Editing by Sherry Jacob-Phillips)