Singapore Experiences Slower Inflation Rates Amid Declining Food and Recreation Costs

In a recent announcement, Singapore's inflation has taken a noticeable downturn, marking a significant shift in the economic landscape of the city-state. The headline inflation rate dropped to 4.9% in March, down from a modest 5.6% in February. This decrease has largely been attributed to a reduction in the prices of food and recreational goods, vital components of the overall consumer price index.

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