Singapore Inflation June 2020

Singapore

Singapore: Consumer prices drop at more moderate rate on an annual basis in June

July 23, 2020

Consumer prices increased 0.02% in June over the last month, which was below the 0.47% increase recorded in May.

Consumer prices fell 0.5% on an annual basis in June, above May’s 0.8% decrease. Meanwhile, the trend was unchanged with annual average inflation coming in at May's 0.2% in June. Core consumer prices fell 0.2% on an annual basis in June, which unchanged from May's reading.

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.5% in 2020, which is unchanged from the previous month’s forecast. In 2021, our panel expects inflation of 1.0%.


Author:, Economist

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Singapore Inflation June 20 20 0

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Singapore (Singstat).


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