Singapore: Consumer prices record smallest fall in four months in July
August 24, 2020
Consumer prices fell 0.32% from the previous month in July, contrasting the 0.02% increase seen in June. July's result marked the sharpest fall in prices since April.
Consumer prices declined 0.4% on an annual basis in July, a smaller drop than June’s 0.5% fall. July's result was the smallest dip in consumer prices since March. Annual average inflation ticked down to 0.1% in July (June: 0.2%), while core consumer prices fell 0.4% on an annual basis in July, which was a sharper decrease than June's 0.2% decrease.
Author: Stephen Vogado, Economist