Singapore Aug headline CPI falls 0.3 pct y/y, down for 22nd straight month

Image
Reuters SINGAPORE
Last Updated : Sep 23 2016 | 10:48 AM IST

SINGAPORE (Reuters) - 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 percent from a year earlier, after falling 0.7 percent in July. It marked 22 straight months of declines for the index, and compared with a 0.4 percent median slide forecast in a Reuters survey.

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

(Reporting by Masayuki Kitano; Editing by Shri Navaratnam)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Sep 23 2016 | 10:38 AM IST

Next Story