Singapore: Decrease in annual consumer prices stable in January
February 24, 2016
In January, consumer prices fell 0.2% over the previous month, which followed the flat reading tallied in December and marked a three-month low. According to Statistics Singapore, January’s reading mainly reflected a fall in prices of transport as well as recreation and culture.
Consumer prices fell 0.6% annually in January, which reflected December’s result. The reading undershot market expectations of a softer 0.4% decrease. Annual average variation in consumer prices remained stable at December’s minus 0.5% in January.
The Monetary Authority of Singapore’s (MAS) core inflation measure, which excludes the cost of accommodation and private road transport, inched up from 0.3% in December to 0.4% in January.
Author: Eric Denis , Economist