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Singapore’s inflation falls for another month in January

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/02/2016 (14:37)
According to data released by Singapore’s Ministry of Trade and Industry (MTI) and the Monetary Authority of Singapore (MAS), Singapore’s consumer prices declined 0.6% on the year in January, indicating a contraction for the 15th consecutive month. Lower private road transport and housing costs were cited as the reasons behind January’s reduction in consumer prices.

Meanwhile, the country’s core inflation, which excludes road transport and housing costs, climbed to 0.4 % in January from December’s rate of 0.3%.

For 2016, Singapore’s overall inflation forecasts were lowered to -1.0% and 0% from the previously estimated -0.5% and 0.5% while core inflation estimations remains unchanged at between 0.5% and 1.5%.
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