Singapore Core Inflation Holds 1.7% March

Singapore's core inflation remained at 1.7% year‑on‑year in March, matching consensus and an unrounded 1.72% figure.
Monthly core inflation rose 0.13%, driven by a 2.7% increase in land transport costs and a 0.5% rise in retail goods.
Tobacco prices jumped 10% due to tax hikes, while travel‑related prices fell 1.5% after a 2.9% rise in February.
MAS and MTI kept the April 14 outlook, warning upside inflation risks mainly from supply‑side factors.