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Poll: Singapore April consumer prices seen falling for sixth month

Singapore's consumer price index in April probably fell from a year earlier for the sixth straight month, a Reuters poll showed, likely dragged down by lower housing costs. 

PHOTO: AFP

MAY 22, 20153:31 PM

[SINGAPORE] Singapore's consumer price index in April probably fell from a year earlier for the sixth straight month, a Reuters poll showed, likely dragged down by lower housing costs.

The all-items consumer price index (CPI) was seen easing 0.1 per cent from a year earlier, according to the median forecast in a Reuters survey of 11 economists.

In March, headline CPI fell 0.3 per cent from a year earlier. That was the fifth consecutive month in which CPI fell year-on-year, the longest such stretch since the second half of 2009.

The poll also showed that core inflation probably moderated to a five-year low of 0.9 per cent year-on-year, the lowest since March 2010.

The central bank's core inflation measure excludes changes in the price of cars and accommodation, which are influenced more by government policies.

REUTERS