Singapore consumer prices post smallest decline in 21 months

(Oct 24): Consumer prices in Singapore posted the smallest decline in 21 months in September, signalling a record slump in inflation that began almost two years ago may be nearing an end.

Key Points
CPI fell 0.2% in September from a year earlier, compared with a drop of 0.3% in August, Singapore Department of Statistics said in a statement. That was in line with the median estimate of 19 economists in a Bloomberg survey. Prices were unchanged in the month.

Core inflation, which excludes costs of accommodation and private road transport, rose 0.9% from a year earlier, matching the median estimate of 11 economists surveyed by Bloomberg.

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