Singapore Aug consumer price index falls 0.3% y/y

Singapore Aug consumer price index falls 0.3% y/y
PHOTO: The Straits Times

SINGAPORE  - Singapore's headline consumer price index fell in August, dragged down by declines in the costs of housing and transportation, data showed on Friday.

The all-items consumer price index (CPI) in August declined 0.3 per cent from a year earlier, after falling 0.7 per cent in July.

It marked 22 straight months of declines for the index, and compared with a 0.4 per cent median slide forecast in a Reuters survey.

Singapore's core CPI rose 1.0 per cent in August from a year earlier. The median forecast was for a rise of 1.1 per cent.

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