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Singapore records lower annual all-item CPI in 2023

SINGAPORE, Jan. 23 (Xinhua) — Singapore’s all-item consumer price index (CPI) rose by 4.8 percent last year, down from 6.1 percent in 2022, according to a statement issued by the Ministry of Trade and Industry and the Monetary Authority of Singapore Tuesday.

However, the core inflation, which excludes private transport and accommodation costs to better reflect household expenses, rose to 4.2 percent last year f