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Core inflation cools to 2.2% in February; price growth mainly driven by cost of cars

Consumer prices were up 4.3 per cent year on year in February, faster than the 4 per cent increase the month before, on higher transport costs.

The all-items consumer price index reading is at its highest in 9 years, and beat the median forecast of 4.2 per cent in a Bloomberg poll.

But core inflation — a central bank metric that strips out accommodation and private transport costs — cooled to 2.2 per cent, down from 2.4 per cent in January and below analysts' expectations of a 2.6 per cent print.

https://bt.sg/3wXH

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