Singapore Core Inflation Steady at 1.7% YoY

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